Looking to diversify beyond FSCZX? The mutual funds below have the lowest correlation with FSCZX — 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 FSCZX.
Best Diversifiers for FSCZX
0 mutual funds have low correlation with FSCZX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.44, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.44 | 0.43 | 0.54 | 96 | Semiconductors, Technology Equities | FSCZX vs FSELX | |
| Federated Hermes Strategic Value Dividend Fund | 0.50 | 0.63 | 0.74 | 78 | Large Cap Value Equities | FSCZX vs SVAIX | |
| Fidelity Blue Chip Growth Fund | 0.51 | 0.50 | 0.62 | 73 | Large Cap Growth Equities | FSCZX vs FBGRX | |
| Hennessy Cornerstone Value Fund | 0.69 | 0.81 | 0.86 | 81 | Large Cap Value Equities | FSCZX vs HFCVX | |
| Fidelity Total International Index Fund | 0.71 | 0.67 | 0.73 | 62 | Foreign Large Cap Equities | FSCZX vs FTIHX |
See all 31 diversifiers for FSCZX
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