Looking to diversify beyond FMSAX? The mutual funds below have the lowest correlation with FMSAX — 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 FMSAX.
Best Diversifiers for FMSAX
9 mutual funds have low correlation with FMSAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.07, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.08 | 0.09 | 0.10 | 96 | Semiconductors, Technology Equities | FMSAX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.17 | 0.14 | 0.15 | 73 | Large Cap Growth Equities | FMSAX vs FBGRX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.20 | -0.24 | -0.29 | 99 | Total Bond Market | FMSAX vs JSOSX | |
| Fidelity Total Market Index Fund | 0.26 | 0.23 | 0.19 | 65 | Large Cap Blend Equities | FMSAX vs FSKAX | |
| Fidelity ZERO Large Cap Index Fund | 0.28 | 0.23 | 0.19 | 63 | Large Cap Blend Equities | FMSAX vs FNILX |
See all 17 diversifiers for FMSAX
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