Looking to diversify beyond FMSFX? The mutual funds below have historically moved differently from FMSFX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FMSFX
2 mutual funds have low correlation with FMSFX (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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.12 | 0.08 | 0.10 | 80 | Semiconductors, Technology Equities | FMSFX vs FSELX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.18 | -0.21 | -0.28 | 99 | Total Bond Market | FMSFX vs JSOSX | |
| Fidelity ZERO Large Cap Index Fund | 0.32 | 0.24 | 0.21 | 59 | Large Cap Blend Equities | FMSFX vs FNILX | |
| Fidelity 500 Index Fund | 0.32 | 0.23 | 0.20 | 64 | S&P 500 | FMSFX vs FXAIX | |
| Fidelity ZERO Total Market Index Fund | 0.33 | 0.25 | 0.21 | 64 | Large Cap Blend Equities | FMSFX vs FZROX |
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