Looking to diversify beyond FSAZX? The mutual funds below have the lowest correlation with FSAZX — 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 FSAZX.
Best Diversifiers for FSAZX
16 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 0.06, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.06 | 0.04 | 0.06 | 96 | Semiconductors, Technology Equities | FSAZX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.16 | 0.10 | 0.09 | 73 | Large Cap Growth Equities | FSAZX vs FBGRX | |
| Fidelity 500 Index Fund | 0.17 | 0.14 | 0.11 | 66 | S&P 500 | FSAZX vs FXAIX | |
| Fidelity ZERO Total Market Index Fund | 0.18 | 0.16 | 0.12 | 66 | Large Cap Blend Equities | FSAZX vs FZROX | |
| Fidelity ZERO Large Cap Index Fund | 0.19 | 0.15 | 0.12 | 63 | Large Cap Blend Equities | FSAZX vs FNILX |
See all 26 diversifiers for FSAZX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FSAZX
Add FSAZX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FSAZX