Looking to diversify beyond FLXSX? The mutual funds below have the lowest correlation with FLXSX — 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 FLXSX.
Best Diversifiers for FLXSX
3 mutual funds have low correlation with FLXSX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX) (Municipal Bonds) with a 1Y correlation of 0.04, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Flex Conservative Income Municipal Bond F... | 0.04 | 0.05 | 0.04 | 98 | Municipal Bonds | FLXSX vs FUEMX | |
| Fidelity Flex Conservative Income Bond Fund | 0.05 | 0.07 | 0.06 | 99 | Total Bond Market | FLXSX vs FJTDX | |
| Fidelity Flex Municipal Income Fund | 0.17 | 0.13 | 0.12 | 76 | Municipal Bonds | FLXSX vs FUENX | |
| Fidelity Advisor Semiconductors Fund Class A | 0.61 | 0.60 | 0.67 | 97 | Technology Equities | FLXSX vs FELAX | |
| Fidelity Select Semiconductors Portfolio | 0.61 | 0.60 | 0.67 | 97 | Semiconductors, Technology Equities | FLXSX vs FSELX |
See all 42 diversifiers for FLXSX
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