Looking to diversify beyond FSISX? The mutual funds below have historically moved differently from FSISX, 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 FSISX
0 mutual funds have low correlation with FSISX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.55, roughly unchanged from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.55 | 0.48 | 0.56 | 80 | Semiconductors, Technology Equities | FSISX vs FSELX | |
| AMG Yacktman Special Opportunities Fund | 0.58 | 0.63 | 0.70 | 55 | Foreign Small & Mid Cap Equities | FSISX vs YASLX | |
| Kopernik Global All-Cap Fund | 0.64 | 0.59 | 0.65 | 66 | Foreign Small & Mid Cap Equities | FSISX vs KGGIX | |
| Kopernik Global All-Cap Fund Class A | 0.65 | 0.59 | 0.65 | 65 | Foreign Small & Mid Cap Equities | FSISX vs KGGAX | |
| Hood River International Opportunity Fund | 0.68 | 0.68 | — | 72 | Foreign Small & Mid Cap Equities | FSISX vs HRIOX |
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