Looking to diversify beyond FNDSX? The mutual funds below have the lowest correlation with FNDSX — 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 FNDSX.
Best Diversifiers for FNDSX
8 mutual funds have low correlation with FNDSX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.08, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.08 | 0.07 | 0.06 | 97 | Semiconductors, Technology Equities | FNDSX vs FSELX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.13 | -0.25 | -0.27 | 99 | Total Bond Market | FNDSX vs JSOSX | |
| Fidelity Blue Chip Growth Fund | 0.15 | 0.13 | 0.10 | 75 | Large Cap Growth Equities | FNDSX vs FBGRX | |
| Fidelity US Sustainability Index Fund | 0.21 | 0.19 | 0.14 | 57 | Large Cap Blend Equities | FNDSX vs FITLX | |
| Fidelity 500 Index Fund | 0.23 | 0.20 | 0.13 | 73 | S&P 500 | FNDSX vs FXAIX |
See all 21 diversifiers for FNDSX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FNDSX
Add FNDSX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FNDSX