Looking to diversify beyond FMCSX? The mutual funds below have the lowest correlation with FMCSX — 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 FMCSX.
Best Diversifiers for FMCSX
0 mutual funds have low correlation with FMCSX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Emerging Markets K (FKEMX) (Emerging Markets Equities) with a 1Y correlation of 0.59, roughly unchanged from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Emerging Markets K | 0.59 | 0.60 | 0.62 | 82 | Emerging Markets Equities | FMCSX vs FKEMX | |
| Fidelity Emerging Markets | 0.59 | 0.60 | 0.62 | 81 | Emerging Markets Equities | FMCSX vs FEMKX | |
| Fidelity OTC Portfolio | 0.63 | 0.61 | 0.68 | 92 | Large Cap Growth Equities | FMCSX vs FOCPX | |
| Fidelity Select Semiconductors Portfolio | 0.64 | 0.61 | 0.65 | 96 | Semiconductors, Technology Equities | FMCSX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.65 | 0.64 | 0.71 | 73 | Large Cap Growth Equities | FMCSX vs FBGRX |
See all 68 diversifiers for FMCSX
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