Looking to diversify beyond FSEAX? The mutual funds below have the lowest correlation with FSEAX — 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 FSEAX.
Best Diversifiers for FSEAX
3 mutual funds have low correlation with FSEAX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.05, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.05 | 0.13 | 0.17 | 54 | Commodities | FSEAX vs FIFGX | |
| Fidelity Select Pharmaceuticals Portfolio | 0.21 | 0.30 | 0.35 | 86 | Health & Biotech Equities | FSEAX vs FPHAX | |
| Fidelity Floating Rate High Income Fund | 0.24 | 0.22 | 0.28 | 92 | Bank Loan | FSEAX vs FFRHX | |
| Aegis Value Fund | 0.34 | 0.42 | 0.46 | 90 | Small Cap Value Equities | FSEAX vs AVALX | |
| DFA Japanese Small Company Portfolio | 0.44 | 0.43 | 0.47 | 60 | Japan Equities, Asia Pacific Equities | FSEAX vs DFJSX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSEAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSEAX and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.11, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.11 | 0.04 | 0.14 | 71 | Energy |
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