Looking to diversify beyond FELSX? The mutual funds below have the lowest correlation with FELSX — 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 FELSX.
Best Diversifiers for FELSX
0 mutual funds have low correlation with FELSX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.69, roughly unchanged from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.69 | 0.67 | 0.71 | 92 | Semiconductors, Technology Equities | FELSX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.79 | 0.76 | 0.80 | 61 | Large Cap Growth Equities | FELSX vs FBGRX | |
| Dimensional Retirement Income Fund | 0.85 | 0.88 | 0.85 | 83 | Target Retirement Date | FELSX vs TDIFX | |
| Voya Target Retirement 2040 Fund | 0.88 | 0.90 | 0.92 | 77 | Target Retirement Date | FELSX vs IRSOX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.88 | 0.88 | 0.91 | 78 | Target Retirement Date | FELSX vs DRILX |
See all 56 diversifiers for FELSX
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