Looking to diversify beyond FSLAX? The mutual funds below have historically moved differently from FSLAX, 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 FSLAX
0 mutual funds have low correlation with FSLAX (below 0.3), 0 of which are negatively correlated. The least correlated is Auer Growth Fund (AUERX) (Small Cap Blend Equities) with a 1Y correlation of 0.61, down from 0.76 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Auer Growth Fund | 0.61 | 0.70 | 0.76 | 90 | Small Cap Blend Equities | FSLAX vs AUERX | |
| Fidelity Select Semiconductors Portfolio | 0.61 | 0.55 | 0.66 | 80 | Semiconductors, Technology Equities | FSLAX vs FSELX | |
| Fidelity International Index Fund | 0.65 | 0.62 | 0.68 | 64 | Foreign Large Cap Equities | FSLAX vs FSPSX | |
| Fidelity ZERO Large Cap Index Fund | 0.67 | 0.69 | 0.79 | 54 | Large Cap Blend Equities | FSLAX vs FNILX | |
| Fidelity 500 Index Fund | 0.67 | 0.69 | 0.79 | 59 | S&P 500 | FSLAX vs FXAIX |
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