Looking to diversify beyond FISVX? The mutual funds below have the lowest correlation with FISVX — 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 FISVX.
Best Diversifiers for FISVX
1 mutual funds have low correlation with FISVX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Clover Small Value Fund (VSFAX) (Small Cap Value Equities) with a 1Y correlation of 0.26, down from 0.79 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Clover Small Value Fund | 0.26 | 0.64 | 0.79 | 53 | Small Cap Value Equities | FISVX vs VSFAX | |
| Aegis Value Fund | 0.52 | 0.54 | 0.59 | 87 | Small Cap Value Equities | FISVX vs AVALX | |
| Fidelity Select Semiconductors Portfolio | 0.52 | 0.50 | 0.59 | 96 | Semiconductors, Technology Equities | FISVX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.55 | 0.55 | 0.66 | 73 | Large Cap Growth Equities | FISVX vs FBGRX | |
| Fidelity NASDAQ Composite Index Fund | 0.60 | 0.59 | 0.68 | 56 | Large Cap Growth Equities | FISVX vs FNCMX |
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