Looking to diversify beyond FSELX? The mutual funds below have the lowest correlation with FSELX — 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 FSELX.
Best Diversifiers for FSELX
108 mutual funds have low correlation with FSELX (below 0.3), 13 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.13, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.13 | 0.06 | 0.13 | 79 | Commodities | FSELX vs FIFGX | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | -0.09 | -0.03 | -0.02 | 62 | Municipal Bonds | FSELX vs FGNSX | |
| Fidelity Series 0-5 Year Inflation-Protected Bond ... | -0.08 | -0.01 | — | 92 | Inflation-Protected Bonds | FSELX vs FSTZX | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.07 | 0.00 | 0.07 | 94 | Inflation-Protected Bonds | FSELX vs VTAPX | |
| Fidelity Sustainable Low Duration Bond | -0.07 | -0.09 | — | 99 | Ultrashort Bond | FSELX vs FAPGX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSELX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSELX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.31, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.31 | -0.18 | -0.07 | 67 | Consumer Defensive | |
| Duke Energy Corporation | -0.28 | -0.22 | -0.12 | 52 | Utilities | |
| Verizon Communications Inc. | -0.28 | -0.17 | -0.06 | 62 | Communication Services | |
| The Coca-Cola Company | -0.21 | -0.14 | 0.01 | 63 | Consumer Defensive | |
| PepsiCo, Inc. | -0.19 | -0.11 | 0.02 | 57 | Consumer Defensive |
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