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Fidelity Select Consumer Discretionary Portfolio (FSCPX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 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

1 mutual funds have low correlation with FSCPX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Global Commodity Stock Fund (FFGCX) (Commodities) with a 1Y correlation of 0.15, down from 0.42 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FFGCX
Fidelity Global Commodity Stock Fund0.150.370.42
64
CommoditiesFSCPX vs FFGCX
FPHAX
Fidelity Select Pharmaceuticals Portfolio0.310.380.42
86
Health & Biotech EquitiesFSCPX vs FPHAX
VGHCX
Vanguard Health Care Fund Investor Shares0.330.420.50
66
Health & Biotech EquitiesFSCPX vs VGHCX
FSELX
Fidelity Select Semiconductors Portfolio0.470.580.67
92
Semiconductors, Technology EquitiesFSCPX vs FSELX
FDCPX
Fidelity Select Tech Hardware Portfolio0.490.610.70
97
Technology EquitiesFSCPX vs FDCPX
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 The Charles Schwab Corporation (SCHW) (Financial Services) with a 1Y correlation of 0.14, down from 0.43 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
SCHW
The Charles Schwab Corporation0.140.350.43
58
Financial Services
SNOW
Snowflake Inc.0.190.420.55
58
Technology
CRWD
CrowdStrike Holdings, Inc.0.240.410.51
75
Technology
FSLR
First Solar, Inc.0.320.350.39
67
Technology

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Diversification Analysis

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