Looking to diversify beyond FISNX? The mutual funds below have historically moved differently from FISNX, 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 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 0.64, roughly unchanged from 0.60 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.64 | 0.56 | 0.60 | 80 | Semiconductors, Technology Equities | FISNX vs FSELX | |
| Mutual of America 2040 Retirement Fund | 0.78 | 0.76 | 0.70 | 71 | Target Retirement Date | FISNX vs MURLX | |
| T. Rowe Price Retirement Income 2020 Fund | 0.79 | 0.83 | 0.85 | 73 | Target Retirement Date | FISNX vs TRLAX | |
| Fidelity ZERO Large Cap Index Fund | 0.81 | 0.73 | 0.74 | 59 | Large Cap Blend Equities | FISNX vs FNILX | |
| Fidelity 500 Index Fund | 0.81 | 0.73 | 0.74 | 64 | S&P 500 | FISNX vs FXAIX |
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