Looking to diversify beyond FNSDX? The mutual funds below have the lowest correlation with FNSDX — 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 FNSDX.
Best Diversifiers for FNSDX
0 mutual funds have low correlation with FNSDX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.76, roughly unchanged from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.76 | 0.75 | 0.78 | 92 | Semiconductors, Technology Equities | FNSDX vs FSELX | |
| Mutual of America Retirement Income Fund | 0.78 | 0.76 | 0.70 | 66 | Target Retirement Date | FNSDX vs MARMX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.75 | 84 | Target Retirement Date | FNSDX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.79 | 0.73 | 0.67 | 60 | Target Retirement Date | FNSDX vs DRIQX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.80 | 0.77 | 0.77 | 70 | Target Retirement Date | FNSDX vs FRQIX |
See all 473 diversifiers for FNSDX
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