Looking to diversify beyond FMSFX? The mutual funds below have the lowest correlation with FMSFX — 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 FMSFX.
Best Diversifiers for FMSFX
3 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.12 | 0.09 | 0.10 | 96 | Semiconductors, Technology Equities | FMSFX vs FSELX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.17 | -0.23 | -0.28 | 99 | Total Bond Market | FMSFX vs JSOSX | |
| Fidelity Blue Chip Growth Fund | 0.22 | 0.15 | 0.15 | 73 | Large Cap Growth Equities | FMSFX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.31 | 0.24 | 0.20 | 63 | Large Cap Blend Equities | FMSFX vs FNILX | |
| Fidelity 500 Index Fund | 0.31 | 0.23 | 0.19 | 66 | S&P 500 | FMSFX vs FXAIX |
See all 31 diversifiers for FMSFX
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