Looking to diversify beyond FSLCX? The mutual funds below have the lowest correlation with FSLCX — 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 FSLCX.
Best Diversifiers for FSLCX
0 mutual funds have low correlation with FSLCX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.57, roughly unchanged from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.57 | 0.59 | 0.66 | 96 | Semiconductors, Technology Equities | FSLCX vs FSELX | |
| Fidelity OTC Portfolio | 0.58 | 0.60 | 0.71 | 92 | Large Cap Growth Equities | FSLCX vs FOCPX | |
| Fidelity Blue Chip Growth Fund | 0.60 | 0.64 | 0.74 | 73 | Large Cap Growth Equities | FSLCX vs FBGRX | |
| Fidelity Total International Index Fund | 0.71 | 0.69 | 0.73 | 62 | Foreign Large Cap Equities | FSLCX vs FTIHX | |
| Auer Growth Fund | 0.72 | 0.77 | 0.81 | 83 | Small Cap Blend Equities | FSLCX vs AUERX |
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