Looking to diversify beyond FCSHX? The mutual funds below have the lowest correlation with FCSHX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FCSHX.
Best Diversifiers for FCSHX
12 mutual funds have low correlation with FCSHX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.16, up from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.16 | 0.06 | 0.03 | 96 | Semiconductors, Technology Equities | FCSHX vs FSELX | |
| DFA Short Term Municipal Bond Portfolio | 0.22 | 0.28 | 0.41 | 99 | Municipal Bonds | FCSHX vs DFSMX | |
| Fidelity 500 Index Fund | 0.23 | 0.14 | 0.08 | 65 | S&P 500 | FCSHX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.23 | 0.15 | 0.09 | 62 | Large Cap Blend Equities | FCSHX vs FNILX | |
| Fidelity ZERO Total Market Index Fund | 0.23 | 0.16 | 0.09 | 65 | Large Cap Blend Equities | FCSHX vs FZROX |
See all 24 diversifiers for FCSHX
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