Looking to diversify beyond FISNX? The mutual funds below have the lowest correlation with FISNX — 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 FISNX.
Best Diversifiers for FISNX
0 mutual funds have low correlation with FISNX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.60, roughly unchanged from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.60 | 0.56 | 0.60 | 96 | Semiconductors, Technology Equities | FISNX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.70 | 0.64 | 0.68 | 73 | Large Cap Growth Equities | FISNX vs FBGRX | |
| T. Rowe Price Retirement Income 2020 Fund | 0.79 | 0.83 | 0.85 | 73 | Target Retirement Date | FISNX vs TRLAX | |
| Mutual of America 2040 Retirement Fund | 0.79 | 0.77 | 0.69 | 72 | Target Retirement Date | FISNX vs MURLX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.80 | 0.76 | 0.78 | 81 | Target Retirement Date | FISNX vs DTDRX |
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