Looking to diversify beyond FSLSX? The mutual funds below have historically moved differently from FSLSX, 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 FSLSX
1 mutual funds have low correlation with FSLSX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Conservative Income Bond Institutional Class (FCNVX) (Ultrashort Bond) with a 1Y correlation of 0.14, up from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Conservative Income Bond Institutional Cl... | 0.14 | 0.03 | 0.00 | 99 | Ultrashort Bond | FSLSX vs FCNVX | |
| Fidelity New Markets Income Fund | 0.41 | 0.35 | 0.33 | 87 | Emerging Markets Bonds | FSLSX vs FNMIX | |
| Fidelity Select Semiconductors Portfolio | 0.49 | 0.51 | 0.59 | 80 | Semiconductors, Technology Equities | FSLSX vs FSELX | |
| Fidelity Strategic Income Fund | 0.59 | 0.51 | 0.45 | 58 | Multisector Bonds | FSLSX vs FADMX | |
| Fidelity Mega Cap Stock Fund | 0.64 | 0.72 | 0.81 | 75 | Large Cap Blend Equities | FSLSX vs FGRTX |
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