Looking to diversify beyond FRASX? The mutual funds below have the lowest correlation with FRASX — 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 FRASX.
Best Diversifiers for FRASX
0 mutual funds have low correlation with FRASX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.58, roughly unchanged from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.58 | 0.56 | 0.60 | 96 | Semiconductors, Technology Equities | FRASX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.69 | 0.64 | 0.68 | 73 | Large Cap Growth Equities | FRASX vs FBGRX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.79 | 0.77 | 0.79 | 81 | Target Retirement Date | FRASX vs DRILX | |
| Dimensional 2055 Target Date Retirement Income Fun... | 0.79 | 0.77 | 0.78 | 80 | Target Retirement Date | FRASX vs DRIKX | |
| Fidelity ZERO Large Cap Index Fund | 0.79 | 0.73 | 0.74 | 63 | Large Cap Blend Equities | FRASX vs FNILX |
See all 40 diversifiers for FRASX
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