Looking to diversify beyond FCSSX? The mutual funds below have historically moved differently from FCSSX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FCSSX
10 mutual funds have low correlation with FCSSX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity 500 Index Fund (FXAIX) (S&P 500) with a 1Y correlation of 0.01, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity 500 Index Fund | 0.01 | 0.09 | 0.18 | 59 | S&P 500 | FCSSX vs FXAIX | |
| Schwab S&P 500 Index Fund | 0.01 | 0.10 | 0.18 | 59 | Large Cap Blend Equities, S&P 500 | FCSSX vs SWPPX | |
| Fidelity ZERO Total Market Index Fund | 0.02 | 0.11 | 0.19 | 59 | Large Cap Blend Equities | FCSSX vs FZROX | |
| Fidelity Total Market Index Fund | 0.02 | 0.10 | 0.19 | 58 | Large Cap Blend Equities | FCSSX vs FSKAX | |
| Fidelity ZERO Large Cap Index Fund | 0.02 | 0.10 | 0.18 | 54 | Large Cap Blend Equities | FCSSX vs FNILX |
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