Looking to diversify beyond FJSCX? The mutual funds below have historically moved differently from FJSCX, 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 FJSCX
0 mutual funds have low correlation with FJSCX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.58, roughly unchanged from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.59 | 0.46 | 0.51 | 80 | Semiconductors, Technology Equities | FJSCX vs FSELX | |
| Fidelity China Region Fund | 0.59 | 0.48 | 0.49 | 84 | China Equities, Asia Pacific Equities | FJSCX vs FHKCX | |
| Fidelity 500 Index Fund | 0.59 | 0.55 | 0.57 | 64 | S&P 500 | FJSCX vs FXAIX | |
| Fidelity Emerging Asia Fund | 0.60 | 0.52 | 0.53 | 69 | Asia Pacific Equities | FJSCX vs FSEAX | |
| Fidelity ZERO Large Cap Index Fund | 0.60 | 0.55 | 0.57 | 59 | Large Cap Blend Equities | FJSCX vs FNILX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FJSCX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.06, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.06 | 0.22 | 0.30 | 61 | Financial Services |
Build a portfolio that complements FJSCX
Add FJSCX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FJSCX