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Fidelity Select Consumer Staples Portfolio (FDFAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The investment seeks capital appreciation. The fund invests at least 80% of assets in securities of companies principally engaged in the manufacture, sale, or distribution of consumer staples. It invests in domestic and foreign issuers. The fund uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments. It invests primarily in common stocks. The fund is non-diversified.

Looking to diversify beyond FDFAX? The mutual funds below have the lowest correlation with FDFAX — 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 FDFAX.

Best Diversifiers for FDFAX

13 mutual funds have low correlation with FDFAX (below 0.3), 3 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of -0.10, down from 0.17 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FSELX
Fidelity Select Semiconductors Portfolio-0.10-0.010.17
97
Semiconductors, Technology EquitiesFDFAX vs FSELX
FOCPX
Fidelity OTC Portfolio-0.080.060.27
93
Large Cap Growth EquitiesFDFAX vs FOCPX
FBGRX
Fidelity Blue Chip Growth Fund-0.060.070.26
75
Large Cap Growth EquitiesFDFAX vs FBGRX
FNCMX
Fidelity NASDAQ Composite Index Fund0.010.130.31
68
Large Cap Growth EquitiesFDFAX vs FNCMX
FPURX
Fidelity Puritan Fund0.090.210.39
71
Diversified PortfolioFDFAX vs FPURX
See all 15 diversifiers for FDFAX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FDFAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FDFAX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.25, down from 0.36 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AAPL
Apple Inc0.250.230.36
89
Technology

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Diversification Analysis

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