Looking to diversify beyond FSLZX? The mutual funds below have the lowest correlation with FSLZX — 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 FSLZX.
Best Diversifiers for FSLZX
0 mutual funds have low correlation with FSLZX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.61, roughly unchanged from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.61 | 0.60 | 0.67 | 96 | Semiconductors, Technology Equities | FSLZX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.61 | 0.64 | 0.74 | 68 | Large Cap Growth Equities | FSLZX vs FBGRX | |
| Fidelity Total International Index Fund | 0.72 | 0.71 | 0.75 | 66 | Foreign Large Cap Equities | FSLZX vs FTIHX | |
| 13D Activist Fund | 0.72 | 0.81 | 0.87 | 69 | Mid Cap Blend Equities | FSLZX vs DDDIX | |
| Gabelli Value 25 Fund | 0.76 | 0.82 | 0.87 | 63 | Mid Cap Blend Equities | FSLZX vs GABVX |
See all 23 diversifiers for FSLZX
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