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Fidelity International Sustainability Index Fd (FNIDX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The fund normally invests at least 80% of assets in securities included in the MSCI ACWI ex USA ESG Leaders Index and in depositary receipts representing securities included in the index. The MSCI ACWI ex USA ESG Leaders Index is a capitalization-weighted index that provides exposure to companies with high environmental, social, and governance (ESG) performance relative to their sector peers, as rated by MSCI ESG Research.

Looking to diversify beyond FNIDX? The mutual funds below have the lowest correlation with FNIDX — 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 FNIDX.

Best Diversifiers for FNIDX

0 mutual funds have low correlation with FNIDX (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO RAE PLUS International Fund (PTSIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.63, roughly unchanged from 0.66 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
PTSIX
PIMCO RAE PLUS International Fund0.630.640.66
81
Foreign Large Cap EquitiesFNIDX vs PTSIX
SAHMX
SA International Value Fund0.630.670.73
87
Foreign Large Cap EquitiesFNIDX vs SAHMX
KGIIX
Kopernik International Fund0.640.550.66
81
Foreign Large Cap EquitiesFNIDX vs KGIIX
FSELX
Fidelity Select Semiconductors Portfolio0.660.630.66
97
Semiconductors, Technology EquitiesFNIDX vs FSELX
EPDPX
EuroPac International Dividend Income Fund Class A0.670.690.73
87
Foreign Large Cap Equities, DividendFNIDX vs EPDPX
See all 30 diversifiers for FNIDX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FNIDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FNIDX and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.48, roughly unchanged from 0.50 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AMZN
Amazon.com, Inc0.480.450.50
60
Consumer Cyclical

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Diversification Analysis

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