Looking to diversify beyond FSEDX? The mutual funds below have the lowest correlation with FSEDX — 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 FSEDX.
Best Diversifiers for FSEDX
2 mutual funds have low correlation with FSEDX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.12, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.12 | 0.05 | 0.16 | 62 | Energy Equities | FSEDX vs FSENX | |
| Virtus Stone Harbor Emerging Markets Income Fund | 0.21 | 0.23 | 0.28 | 57 | Emerging Markets Bonds | FSEDX vs EDF | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.36 | 0.39 | 0.40 | 98 | Emerging Markets Bonds | FSEDX vs DBLLX | |
| Fidelity Select Semiconductors Portfolio | 0.37 | 0.29 | 0.33 | 92 | Semiconductors, Technology Equities | FSEDX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.46 | 0.35 | 0.38 | 61 | Large Cap Growth Equities | FSEDX vs FBGRX |
See all 24 diversifiers for FSEDX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FSEDX
Add FSEDX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FSEDX