Looking to diversify beyond FNSOX? The mutual funds below have the lowest correlation with FNSOX — 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 FNSOX.
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 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.06 | 0.00 | 0.02 | 96 | Semiconductors, Technology Equities | FNSOX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.16 | 0.06 | 0.07 | 73 | Large Cap Growth Equities | FNSOX vs FBGRX | |
| Fidelity Emerging Markets Index Fund | 0.20 | 0.10 | 0.07 | 85 | Emerging Markets Diversified | FNSOX vs FPADX | |
| Fidelity 500 Index Fund | 0.24 | 0.12 | 0.10 | 66 | S&P 500 | FNSOX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.24 | 0.12 | 0.10 | 63 | Large Cap Blend Equities | FNSOX vs FNILX |
See all 42 diversifiers for FNSOX
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