Looking to diversify beyond FSKLX? The mutual funds below have historically moved differently from FSKLX, 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 FSKLX
1 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 0.16, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.16 | 0.23 | 0.36 | 80 | Semiconductors, Technology Equities | FSKLX vs FSELX | |
| American Beacon Tocqueville International Value Fu... | 0.36 | 0.51 | 0.63 | 52 | Foreign Large Cap Equities | FSKLX vs TIVFX | |
| Thornburg Global Opportunities Fund | 0.37 | 0.49 | 0.57 | 89 | Foreign Large Cap Equities | FSKLX vs THOIX | |
| Fidelity ZERO Large Cap Index Fund | 0.38 | 0.44 | 0.55 | 59 | Large Cap Blend Equities | FSKLX vs FNILX | |
| Fidelity 500 Index Fund | 0.38 | 0.44 | 0.54 | 64 | S&P 500 | FSKLX vs FXAIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FSKLX
Add FSKLX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FSKLX