Looking to diversify beyond FNSOX? The mutual funds below have historically moved differently from FNSOX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FNSOX
11 mutual funds have low correlation with FNSOX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.06, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.06 | -0.00 | 0.03 | 80 | Semiconductors, Technology Equities | FNSOX vs FSELX | |
| Fidelity Emerging Markets Index Fund | 0.21 | 0.10 | 0.08 | 62 | Emerging Markets Equities | FNSOX vs FPADX | |
| Fidelity ZERO Large Cap Index Fund | 0.23 | 0.13 | 0.11 | 59 | Large Cap Blend Equities | FNSOX vs FNILX | |
| Fidelity 500 Index Fund | 0.23 | 0.12 | 0.10 | 64 | S&P 500 | FNSOX vs FXAIX | |
| Fidelity ZERO Total Market Index Fund | 0.25 | 0.14 | 0.11 | 64 | Large Cap Blend Equities | FNSOX vs FZROX |
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