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
16 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) (High Yield Bonds) 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 | 93 | High Yield Bonds | FSCHX vs FFRHX | |
| Recurrent MLP & Infrastructure Fund | 0.12 | 0.36 | 0.50 | 76 | Energy Equities | FSCHX vs RMLPX | |
| Fidelity Select Energy Portfolio | 0.14 | 0.36 | 0.47 | 78 | Energy Equities | FSCHX vs FSENX | |
| Vanguard Energy Index Fund Admiral Shares | 0.15 | 0.35 | 0.46 | 58 | Energy Equities | FSCHX vs VENAX | |
| Guinness Atkinson Global Energy Fund | 0.17 | 0.36 | 0.45 | 86 | Energy Equities | FSCHX vs GAGEX |
See all 35 diversifiers for FSCHX
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