Looking to diversify beyond FSMOX? The mutual funds below have the lowest correlation with FSMOX — 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 FSMOX.
Best Diversifiers for FSMOX
6 mutual funds have low correlation with FSMOX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.09, roughly unchanged from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.09 | 0.07 | — | 96 | Semiconductors, Technology Equities | FSMOX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.19 | 0.13 | — | 73 | Large Cap Growth Equities | FSMOX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.29 | 0.22 | — | 63 | Large Cap Blend Equities | FSMOX vs FNILX | |
| Fidelity 500 Index Fund | 0.29 | 0.21 | — | 66 | S&P 500 | FSMOX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.30 | 0.22 | — | 65 | Large Cap Blend Equities | FSMOX vs FSKAX |
See all 10 diversifiers for FSMOX
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