Looking to diversify beyond FDSCX? The mutual funds below have the lowest correlation with FDSCX — 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 FDSCX.
Best Diversifiers for FDSCX
0 mutual funds have low correlation with FDSCX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Health Sciences Fund (PRHSX) (Health & Biotech Equities) with a 1Y correlation of 0.49, down from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Health Sciences Fund | 0.49 | 0.61 | 0.67 | 68 | Health & Biotech Equities | FDSCX vs PRHSX | |
| Fidelity OTC Portfolio | 0.55 | 0.56 | 0.64 | 88 | Large Cap Growth Equities | FDSCX vs FOCPX | |
| T. Rowe Price Global Technology Fund | 0.59 | 0.61 | 0.68 | 77 | Technology Equities | FDSCX vs PRGTX | |
| Fidelity Emerging Markets Index Fund | 0.60 | 0.56 | 0.59 | 75 | Emerging Markets Diversified | FDSCX vs FPADX | |
| Fidelity Blue Chip Growth Fund | 0.62 | 0.65 | 0.75 | 61 | Large Cap Growth Equities | FDSCX vs FBGRX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FDSCX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FDSCX and solid risk/return profiles. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.12, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.12 | 0.23 | 0.34 | 72 | Real Estate | |
| NVIDIA Corporation | 0.33 | 0.38 | 0.51 | 69 | Technology | |
| Tesla, Inc. | 0.43 | 0.45 | 0.50 | 66 | Consumer Cyclical |
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