Looking to diversify beyond FSDPX? The mutual funds below have the lowest correlation with FSDPX — 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 FSDPX.
Best Diversifiers for FSDPX
8 mutual funds have low correlation with FSDPX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Energy Index Fund Admiral Shares (VENAX) (Energy Equities) with a 1Y correlation of 0.13, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Energy Index Fund Admiral Shares | 0.13 | 0.38 | 0.50 | 58 | Energy Equities | FSDPX vs VENAX | |
| Recurrent MLP & Infrastructure Fund | 0.14 | 0.41 | 0.56 | 78 | Energy Equities | FSDPX vs RMLPX | |
| Fidelity Select Energy Portfolio | 0.14 | 0.40 | 0.52 | 79 | Energy Equities | FSDPX vs FSENX | |
| Guinness Atkinson Global Energy Fund | 0.16 | 0.41 | 0.50 | 86 | Energy Equities | FSDPX vs GAGEX | |
| Invesco Energy Fund | 0.17 | 0.40 | 0.52 | 70 | Energy Equities | FSDPX vs FSTEX |
See all 36 diversifiers for FSDPX
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