Looking to diversify beyond FDLSX? The mutual funds below have historically moved differently from FDLSX, 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 FDLSX
3 mutual funds have low correlation with FDLSX (below 0.3), 0 of which are negatively correlated. The least correlated is Aegis Value Fund Class I (AVALX) (Small Cap Value Equities) with a 1Y correlation of 0.07, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Aegis Value Fund Class I | 0.07 | 0.25 | 0.39 | 94 | Small Cap Value Equities | FDLSX vs AVALX | |
| Fidelity Select Semiconductors Portfolio | 0.16 | 0.39 | 0.53 | 80 | Semiconductors, Technology Equities | FDLSX vs FSELX | |
| Fidelity OTC Portfolio | 0.30 | 0.48 | 0.62 | 76 | Large Cap Growth Equities | FDLSX vs FOCPX | |
| Vanguard PRIMECAP Fund Admiral Shares | 0.39 | 0.59 | 0.70 | 90 | Large Cap Blend Equities | FDLSX vs VPMAX | |
| Fidelity Total International Index Fund | 0.43 | 0.54 | 0.63 | 73 | Foreign Large Cap Equities | FDLSX vs FTIHX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FDLSX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Astera Labs, Inc. (ALAB) (Technology) with a 1Y correlation of 0.06, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Astera Labs, Inc. | 0.06 | 0.20 | 0.20 | 79 | Technology | |
| AST SpaceMobile, Inc. | 0.15 | 0.24 | 0.31 | 52 | Technology |
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