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
0 mutual funds have low correlation with FSEDX (below 0.3), 0 of which are negatively correlated. The least correlated is DoubleLine Low Duration Emerging Markets Fixed Income Fund (DBLLX) (Emerging Markets Bonds) with a 1Y correlation of 0.31, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.31 | 0.37 | 0.40 | 98 | Emerging Markets Bonds | FSEDX vs DBLLX | |
| Fidelity Select Semiconductors Portfolio | 0.42 | 0.30 | 0.34 | 97 | Semiconductors, Technology Equities | FSEDX vs FSELX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 0.44 | 0.41 | 0.44 | 96 | Emerging Markets Bonds | FSEDX vs SHCDX | |
| Fidelity Blue Chip Growth Fund | 0.46 | 0.35 | 0.38 | 75 | Large Cap Growth Equities | FSEDX vs FBGRX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | 0.47 | 0.47 | 0.49 | 88 | Emerging Markets Bonds | FSEDX vs DLENX |
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