Looking to diversify beyond FILSX? The mutual funds below have the lowest correlation with FILSX — 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 FILSX.
Best Diversifiers for FILSX
0 mutual funds have low correlation with FILSX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.64, roughly unchanged from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.64 | 0.61 | 0.65 | 97 | Semiconductors, Technology Equities | FILSX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.72 | 0.70 | 0.74 | 75 | Large Cap Growth Equities | FILSX vs FBGRX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.81 | 0.83 | 0.85 | 83 | Target Retirement Date | FILSX vs DRILX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.81 | 0.82 | 0.84 | 83 | Target Retirement Date | FILSX vs DTDRX | |
| Dimensional Retirement Income Fund | 0.82 | 0.90 | 0.88 | 83 | Target Retirement Date | FILSX vs TDIFX |
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