Looking to diversify beyond FSAZX? The mutual funds below have historically moved differently from FSAZX, 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 FSAZX
15 mutual funds have low correlation with FSAZX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.07, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.07 | 0.04 | 0.06 | 80 | Semiconductors, Technology Equities | FSAZX vs FSELX | |
| Fidelity ZERO Large Cap Index Fund | 0.20 | 0.15 | 0.13 | 59 | Large Cap Blend Equities | FSAZX vs FNILX | |
| Fidelity 500 Index Fund | 0.20 | 0.14 | 0.12 | 64 | S&P 500 | FSAZX vs FXAIX | |
| Fidelity ZERO Total Market Index Fund | 0.21 | 0.16 | 0.13 | 64 | Large Cap Blend Equities | FSAZX vs FZROX | |
| Fidelity Total Market Index Fund | 0.21 | 0.15 | 0.12 | 63 | Large Cap Blend Equities | FSAZX vs FSKAX |
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