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
9 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 0.10, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | 0.10 | 0.23 | 0.32 | 92 | Bank Loan | FSCHX vs FFRHX | |
| Recurrent MLP & Infrastructure Fund | 0.13 | 0.34 | 0.50 | 57 | Energy Equities | FSCHX vs RMLPX | |
| Cavanal Hill World Energy Fund | 0.23 | 0.39 | 0.51 | 52 | Energy Equities | FSCHX vs APWEX | |
| Fidelity Select Technology Portfolio | 0.24 | 0.36 | 0.50 | 89 | Technology Equities | FSCHX vs FSPTX | |
| Fidelity OTC Portfolio | 0.26 | 0.38 | 0.51 | 90 | Large Cap Growth Equities | FSCHX vs FOCPX |
See all 30 diversifiers for FSCHX
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