Looking to diversify beyond FLUTX? The mutual funds below have the lowest correlation with FLUTX — 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 FLUTX.
Best Diversifiers for FLUTX
0 mutual funds have low correlation with FLUTX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.43, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.43 | 0.43 | 0.54 | 96 | Semiconductors, Technology Equities | FLUTX vs FSELX | |
| Federated Hermes Strategic Value Dividend Fund | 0.50 | 0.63 | 0.74 | 80 | Large Cap Value Equities | FLUTX vs SVAIX | |
| Fidelity Blue Chip Growth Fund | 0.51 | 0.50 | 0.62 | 68 | Large Cap Growth Equities | FLUTX vs FBGRX | |
| Hennessy Cornerstone Value Fund | 0.69 | 0.81 | 0.86 | 81 | Large Cap Value Equities | FLUTX vs HFCVX | |
| Fidelity Total International Index Fund | 0.71 | 0.67 | 0.73 | 66 | Foreign Large Cap Equities | FLUTX vs FTIHX |
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