Looking to diversify beyond FSLAX? The mutual funds below have the lowest correlation with FSLAX — 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 FSLAX.
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 Fidelity Blue Chip Growth Fund (FBGRX) (Large Cap Growth Equities) with a 1Y correlation of 0.53, down from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Blue Chip Growth Fund | 0.53 | 0.56 | 0.71 | 75 | Large Cap Growth Equities | FSLAX vs FBGRX | |
| Fidelity Select Semiconductors Portfolio | 0.58 | 0.54 | 0.66 | 97 | Semiconductors, Technology Equities | FSLAX vs FSELX | |
| Auer Growth Fund | 0.64 | 0.72 | 0.77 | 90 | Small Cap Blend Equities | FSLAX vs AUERX | |
| Fidelity Total International Index Fund | 0.65 | 0.64 | 0.70 | 58 | Foreign Large Cap Equities | FSLAX vs FTIHX | |
| Fidelity ZERO Large Cap Index Fund | 0.65 | 0.69 | 0.79 | 71 | Large Cap Blend Equities | FSLAX vs FNILX |
See all 28 diversifiers for FSLAX
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