Looking to diversify beyond FDSSX? The mutual funds below have the lowest correlation with FDSSX — 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 FDSSX.
Best Diversifiers for FDSSX
0 mutual funds have low correlation with FDSSX (below 0.3), 0 of which are negatively correlated. The least correlated is Baron Partners Fund (BPTRX) (Large Cap Growth Equities) with a 1Y correlation of 0.56, down from 0.73 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baron Partners Fund | 0.56 | 0.67 | 0.73 | 72 | Large Cap Growth Equities | FDSSX vs BPTRX | |
| ICON Equity Fund | 0.74 | 0.76 | 0.83 | 84 | Large Cap Growth Equities | FDSSX vs IOLZX | |
| Davis New York Venture Fund Class Y | 0.74 | 0.82 | 0.85 | 80 | Large Cap Growth Equities | FDSSX vs DNVYX | |
| Adams Diversified Equity Fund, Inc. | 0.76 | 0.83 | 0.90 | 67 | Large Cap Blend Equities | FDSSX vs ADX | |
| Fidelity Stock Selector Small Cap Fund | 0.76 | 0.81 | 0.87 | 77 | Small Cap Blend Equities | FDSSX vs FDSCX |
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