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Fidelity Select Brokerage & Invmt Mgmt Portfolio (FSLBX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The fund normally invests at least 80% of its assets in securities of companies principally engaged in the exchange of financial instruments, stock brokerage, commodity brokerage, investment banking, tax-advantaged investment or investment sales, investment management, or related investment advisory and financial decision support services. It invests primarily in common stocks. The fund invests in domestic and foreign issuers.

Looking to diversify beyond FSLBX? The mutual funds below have the lowest correlation with FSLBX — 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 FSLBX.

Best Diversifiers for FSLBX

0 mutual funds have low correlation with FSLBX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Emerging Asia Fund (FSEAX) (Asia Pacific Equities) with a 1Y correlation of 0.36, down from 0.51 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FSEAX
Fidelity Emerging Asia Fund0.360.440.51
94
Asia Pacific EquitiesFSLBX vs FSEAX
FSELX
Fidelity Select Semiconductors Portfolio0.370.500.61
97
Semiconductors, Technology EquitiesFSLBX vs FSELX
FEMKX
Fidelity Emerging Markets0.380.490.58
87
Emerging Markets EquitiesFSLBX vs FEMKX
FADMX
Fidelity Strategic Income Fund0.440.460.43
88
Total Bond MarketFSLBX vs FADMX
FOCPX
Fidelity OTC Portfolio0.470.560.68
93
Large Cap Growth EquitiesFSLBX vs FOCPX
See all 21 diversifiers for FSLBX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FSLBX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSLBX and solid risk/return profiles. The least correlated is Alphabet Inc. Class A (GOOGL) (Communication Services) with a 1Y correlation of 0.30, down from 0.48 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
GOOGL
Alphabet Inc. Class A0.300.340.48
96
Communication Services
AMZN
Amazon.com, Inc0.350.420.51
60
Consumer Cyclical
CIM
Chimera Investment Corporation0.360.440.53
52
Real Estate

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Diversification Analysis

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