Looking to diversify beyond FSEDX? The mutual funds below have historically moved differently from FSEDX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FSEDX
1 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 -0.15, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.15 | 0.04 | 0.15 | 87 | Energy Equities | FSEDX vs FSENX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.39 | 0.39 | 0.40 | 98 | Emerging Markets Bonds | FSEDX vs DBLLX | |
| Fidelity Select Semiconductors Portfolio | 0.39 | 0.29 | 0.33 | 80 | Semiconductors, Technology Equities | FSEDX vs FSELX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.42 | 0.41 | 0.48 | 57 | Emerging Markets Bonds | FSEDX vs EDD | |
| Templeton Emerging Markets Income Fund | 0.46 | 0.43 | 0.40 | 64 | Emerging Markets Bonds | FSEDX vs TEI |
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