Looking to diversify beyond FSLSX? The mutual funds below have the lowest correlation with FSLSX — 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 FSLSX.
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) (Total Bond Market) with a 1Y correlation of 0.07, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Conservative Income Bond Institutional Cl... | 0.07 | 0.02 | -0.00 | 99 | Total Bond Market | FSLSX vs FCNVX | |
| Fidelity New Markets Income Fund | 0.38 | 0.33 | 0.32 | 93 | Emerging Markets Bonds | FSLSX vs FNMIX | |
| Fidelity Blue Chip Growth Fund | 0.48 | 0.54 | 0.65 | 75 | Large Cap Growth Equities | FSLSX vs FBGRX | |
| Fidelity Select Semiconductors Portfolio | 0.52 | 0.52 | 0.59 | 97 | Semiconductors, Technology Equities | FSLSX vs FSELX | |
| Fidelity Strategic Income Fund | 0.55 | 0.49 | 0.44 | 87 | Total Bond Market | FSLSX vs FADMX |
See all 61 diversifiers for FSLSX
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