Looking to diversify beyond FICSX? The mutual funds below have the lowest correlation with FICSX — 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 FICSX.
Best Diversifiers for FICSX
0 mutual funds have low correlation with FICSX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.53, roughly unchanged from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.53 | 0.50 | 0.58 | 97 | Semiconductors, Technology Equities | FICSX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.61 | 0.56 | 0.63 | 75 | Large Cap Growth Equities | FICSX vs FBGRX | |
| Kopernik Global All-Cap Fund Class A | 0.62 | 0.59 | 0.66 | 80 | Foreign Small & Mid Cap Equities | FICSX vs KGGAX | |
| Kopernik Global All-Cap Fund | 0.62 | 0.58 | 0.66 | 80 | Foreign Small & Mid Cap Equities | FICSX vs KGGIX | |
| Fidelity ZERO Large Cap Index Fund | 0.67 | 0.63 | 0.69 | 71 | Large Cap Blend Equities | FICSX vs FNILX |
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