Looking to diversify beyond FISVX? The mutual funds below have historically moved differently from FISVX, 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 FISVX
1 mutual funds have low correlation with FISVX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Short-Term Bond Index Fund (FNSOX) (Total Bond Market) with a 1Y correlation of 0.27, up from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Short-Term Bond Index Fund | 0.27 | 0.17 | 0.12 | 61 | Total Bond Market | FISVX vs FNSOX | |
| Federated Hermes Clover Small Value Fund | 0.35 | 0.63 | 0.79 | 71 | Small Cap Value Equities | FISVX vs VSFAX | |
| Aegis Value Fund Class I | 0.47 | 0.52 | 0.57 | 94 | Small Cap Value Equities | FISVX vs AVALX | |
| Fidelity Select Semiconductors Portfolio | 0.49 | 0.49 | 0.57 | 80 | Semiconductors, Technology Equities | FISVX vs FSELX | |
| Vanguard International High Dividend Yield Index F... | 0.62 | 0.65 | 0.69 | 94 | Large Cap Value Equities, Dividend, Foreign Large Cap Equities | FISVX vs VIHAX |
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