Looking to diversify beyond FDSSX? The mutual funds below have historically moved differently from FDSSX, 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 FDSSX
0 mutual funds have low correlation with FDSSX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS International Intrinsic Value Fund Class I (MINIX) (Large Cap Growth Equities) with a 1Y correlation of 0.70, roughly unchanged from 0.75 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS International Intrinsic Value Fund Class I | 0.70 | 0.70 | 0.75 | 51 | Large Cap Growth Equities, Foreign Large Cap Equities | FDSSX vs MINIX | |
| Davis New York Venture Fund Class Y | 0.74 | 0.81 | 0.85 | 90 | Large Cap Growth Equities | FDSSX vs DNVYX | |
| Adams Diversified Equity Fund, Inc. | 0.75 | 0.83 | 0.89 | 83 | Large Cap Blend Equities | FDSSX vs ADX | |
| ICON Equity Fund | 0.76 | 0.76 | 0.83 | 80 | Large Cap Growth Equities | FDSSX vs IOLZX | |
| Fidelity Stock Selector Small Cap Fund | 0.77 | 0.81 | 0.86 | 83 | Small Cap Blend Equities | FDSSX vs FDSCX |
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