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Fidelity Select Consumer Discretionary Portfolio (FSCPX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund invests primarily in common stocks. It invests at least 80% of assets in securities of companies principally engaged in the manufacture and distribution of consumer discretionary products and services. The fund invests in domestic and foreign issuers. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions to select investments. The fund is non-diversified.

Looking to diversify beyond FSCPX? The mutual funds below have the lowest correlation with FSCPX — 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 FSCPX.

Best Diversifiers for FSCPX

0 mutual funds have low correlation with FSCPX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Pharmaceuticals Portfolio (FPHAX) (Health & Biotech Equities) with a 1Y correlation of 0.32, down from 0.43 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FPHAX
Fidelity Select Pharmaceuticals Portfolio0.320.390.43
59
Health & Biotech EquitiesFSCPX vs FPHAX
FSELX
Fidelity Select Semiconductors Portfolio0.490.600.68
96
Semiconductors, Technology EquitiesFSCPX vs FSELX
FSPTX
Fidelity Select Technology Portfolio0.520.650.75
89
Technology EquitiesFSCPX vs FSPTX
FDCPX
Fidelity Select Tech Hardware Portfolio0.520.630.71
98
Technology EquitiesFSCPX vs FDCPX
FOCPX
Fidelity OTC Portfolio0.600.710.79
92
Large Cap Growth EquitiesFSCPX vs FOCPX
See all 14 diversifiers for FSCPX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FSCPX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSCPX and solid risk/return profiles. The least correlated is CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of 0.22, down from 0.50 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
CRWD
CrowdStrike Holdings, Inc.0.220.420.50
66
Technology
FSLR
First Solar, Inc.0.320.360.40
78
Technology
ENPH
Enphase Energy, Inc.0.410.400.46
64
Technology

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Diversification Analysis

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