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Fidelity Select Leisure Portfolio (FDLSX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund invests primarily in common stocks. It invests at least 80% of assets in securities of companies principally engaged in the design, production, or distribution of goods or services in the leisure industries. The fund invests in domestic and foreign issuers. It 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. The fund is non-diversified.

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

Best Diversifiers for FDLSX

2 mutual funds have low correlation with FDLSX (below 0.3), 0 of which are negatively correlated. The least correlated is Aegis Value Fund (AVALX) (Small Cap Value Equities) with a 1Y correlation of 0.13, down from 0.41 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
AVALX
Aegis Value Fund0.130.290.41
87
Small Cap Value EquitiesFDLSX vs AVALX
FSELX
Fidelity Select Semiconductors Portfolio0.270.440.56
96
Semiconductors, Technology EquitiesFDLSX vs FSELX
FOCPX
Fidelity OTC Portfolio0.350.520.64
92
Large Cap Growth EquitiesFDLSX vs FOCPX
FBGRX
Fidelity Blue Chip Growth Fund0.410.560.69
73
Large Cap Growth EquitiesFDLSX vs FBGRX
FNCMX
Fidelity NASDAQ Composite Index Fund0.440.590.69
56
Large Cap Growth EquitiesFDLSX vs FNCMX
See all 12 diversifiers for FDLSX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FDLSX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FDLSX and solid risk/return profiles. The least correlated is Astera Labs, Inc. (ALAB) (Technology) with a 1Y correlation of 0.10, down from 0.24 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
ALAB
Astera Labs, Inc.0.100.240.24
93
Technology
ASTS
AST SpaceMobile, Inc.0.160.250.32
64
Technology

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Diversification Analysis

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