Looking to diversify beyond FMSCX? The mutual funds below have the lowest correlation with FMSCX — 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 FMSCX.
Best Diversifiers for FMSCX
7 mutual funds have low correlation with FMSCX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.12, 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 | 0.12 | 0.09 | 0.10 | 97 | Semiconductors, Technology Equities | FMSCX vs FSELX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.14 | -0.26 | -0.29 | 99 | Total Bond Market | FMSCX vs JSOSX | |
| Fidelity Blue Chip Growth Fund | 0.19 | 0.15 | 0.15 | 75 | Large Cap Growth Equities | FMSCX vs FBGRX | |
| Fidelity 500 Index Fund | 0.27 | 0.22 | 0.18 | 73 | S&P 500 | FMSCX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.27 | 0.23 | 0.19 | 71 | Large Cap Blend Equities | FMSCX vs FNILX |
See all 17 diversifiers for FMSCX
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