Looking to diversify beyond FSCDX? The mutual funds below have the lowest correlation with FSCDX — 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 FSCDX.
Best Diversifiers for FSCDX
0 mutual funds have low correlation with FSCDX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Blue Chip Growth Fund (FBGRX) (Large Cap Growth Equities) with a 1Y correlation of 0.60, down from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Blue Chip Growth Fund | 0.60 | 0.63 | 0.75 | 73 | Large Cap Growth Equities | FSCDX vs FBGRX | |
| American Funds New World Fund Class F-3 | 0.61 | 0.65 | 0.73 | 65 | Emerging Markets Diversified | FSCDX vs FNWFX | |
| Fidelity Select Semiconductors Portfolio | 0.61 | 0.60 | 0.69 | 96 | Semiconductors, Technology Equities | FSCDX vs FSELX | |
| Fidelity Total International Index Fund | 0.71 | 0.69 | 0.73 | 62 | Foreign Large Cap Equities | FSCDX vs FTIHX | |
| Auer Growth Fund | 0.71 | 0.77 | 0.80 | 83 | Small Cap Blend Equities | FSCDX vs AUERX |
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