Looking to diversify beyond FCSTX? The mutual funds below have historically moved differently from FCSTX, 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 FCSTX
16 mutual funds have low correlation with FCSTX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.05, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.05 | 0.03 | 0.03 | 80 | Semiconductors, Technology Equities | FCSTX vs FSELX | |
| DFA Municipal Real Return Portfolio | 0.12 | 0.22 | 0.27 | 92 | Municipal Bonds | FCSTX vs DMREX | |
| Fidelity ZERO Large Cap Index Fund | 0.16 | 0.14 | 0.10 | 54 | Large Cap Blend Equities | FCSTX vs FNILX | |
| Fidelity ZERO Total Market Index Fund | 0.16 | 0.15 | 0.10 | 59 | Large Cap Blend Equities | FCSTX vs FZROX | |
| Fidelity Total Market Index Fund | 0.17 | 0.14 | 0.09 | 58 | Large Cap Blend Equities | FCSTX vs FSKAX |
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