Looking to diversify beyond FNSHX? The mutual funds below have the lowest correlation with FNSHX — 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 FNSHX.
Best Diversifiers for FNSHX
0 mutual funds have low correlation with FNSHX (below 0.3), 0 of which are negatively correlated. The least correlated is Cullen High Dividend Equity Fund (CHDEX) (Large Cap Value Equities) with a 1Y correlation of 0.54, roughly unchanged from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cullen High Dividend Equity Fund | 0.54 | 0.53 | 0.53 | 66 | Large Cap Value Equities | FNSHX vs CHDEX | |
| Fidelity Select Semiconductors Portfolio | 0.55 | 0.48 | 0.50 | 97 | Semiconductors, Technology Equities | FNSHX vs FSELX | |
| Allspring Short-Term Bond Plus Fund | 0.56 | 0.60 | 0.62 | 82 | Short-Term Bond | FNSHX vs SSHIX | |
| Fidelity Blue Chip Growth Fund | 0.61 | 0.55 | 0.57 | 71 | Large Cap Growth Equities | FNSHX vs FBGRX | |
| Fidelity Dividend Growth Fund | 0.69 | 0.62 | 0.62 | 83 | Large Cap Value Equities | FNSHX vs FDGFX |
See all 297 diversifiers for FNSHX
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