Looking to diversify beyond FSCSX? The mutual funds below have the lowest correlation with FSCSX — 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 FSCSX.
Best Diversifiers for FSCSX
19 mutual funds have low correlation with FSCSX (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Energy Index Fund Admiral Shares (VENAX) (Energy Equities) with a 1Y correlation of -0.04, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Energy Index Fund Admiral Shares | -0.04 | 0.09 | 0.19 | 58 | Energy Equities | FSCSX vs VENAX | |
| Fidelity Select Energy Portfolio | -0.03 | 0.11 | 0.20 | 79 | Energy Equities | FSCSX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.04 | 0.07 | 0.12 | 94 | Inflation-Protected Bonds | FSCSX vs VTAPX | |
| Fidelity Floating Rate High Income Fund | 0.11 | 0.20 | 0.25 | 92 | High Yield Bonds | FSCSX vs FFRHX | |
| Fidelity Select Biotechnology Portfolio | 0.13 | 0.34 | 0.47 | 66 | Health & Biotech Equities | FSCSX vs FBIOX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSCSX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSCSX and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.27, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.27 | -0.07 | 0.10 | 66 | Consumer Defensive | |
| Altria Group, Inc. | -0.23 | -0.05 | 0.02 | 69 | Consumer Defensive | |
| Duke Energy Corporation | -0.23 | -0.13 | -0.00 | 53 | Utilities | |
| Johnson & Johnson | -0.22 | -0.10 | 0.04 | 92 | Healthcare | |
| British American Tobacco p.l.c. | -0.19 | -0.01 | 0.08 | 77 | Consumer Defensive |
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