Looking to diversify beyond FSKLX? The mutual funds below have the lowest correlation with FSKLX — 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 FSKLX.
Best Diversifiers for FSKLX
3 mutual funds have low correlation with FSKLX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.17, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.17 | 0.26 | 0.37 | 96 | Semiconductors, Technology Equities | FSKLX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.23 | 0.30 | 0.44 | 73 | Large Cap Growth Equities | FSKLX vs FBGRX | |
| Fidelity Growth Company Fund | 0.25 | 0.32 | 0.45 | 74 | Large Cap Growth Equities | FSKLX vs FDGRX | |
| Thornburg Global Opportunities Fund | 0.40 | 0.50 | 0.58 | 91 | Foreign Large Cap Equities | FSKLX vs THOIX | |
| American Beacon Tocqueville International Value Fu... | 0.41 | 0.54 | 0.65 | 93 | Foreign Large Cap Equities | FSKLX vs TIVFX |
See all 102 diversifiers for FSKLX
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