Looking to diversify beyond FSCHX? The mutual funds below have the lowest correlation with FSCHX — 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 FSCHX.
Best Diversifiers for FSCHX
17 mutual funds have low correlation with FSCHX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Floating Rate High Income Fund (FFRHX) (Bank Loan) with a 1Y correlation of 0.07, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | 0.07 | 0.22 | 0.31 | 93 | Bank Loan | FSCHX vs FFRHX | |
| Fidelity Select Energy Portfolio | 0.10 | 0.31 | 0.45 | 62 | Energy Equities | FSCHX vs FSENX | |
| NXG Cushing® Midstream Energy Fund | 0.12 | 0.19 | 0.34 | 73 | Energy Equities | FSCHX vs SRV | |
| Recurrent MLP & Infrastructure Fund | 0.12 | 0.33 | 0.49 | 83 | Energy Equities | FSCHX vs RMLPX | |
| Guinness Atkinson Global Energy Fund | 0.15 | 0.32 | 0.44 | 56 | Energy Equities | FSCHX vs GAGEX |
See all 36 diversifiers for FSCHX
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