Looking to diversify beyond FSMTX? The mutual funds below have the lowest correlation with FSMTX — 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 FSMTX.
Best Diversifiers for FSMTX
8 mutual funds have low correlation with FSMTX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.08, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.08 | 0.07 | 0.08 | 97 | Semiconductors, Technology Equities | FSMTX vs FSELX | |
| Fidelity Floating Rate High Income Fund | 0.13 | 0.14 | 0.17 | 92 | High Yield Bonds | FSMTX vs FFRHX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.15 | -0.23 | -0.26 | 99 | Total Bond Market | FSMTX vs JSOSX | |
| Fidelity Blue Chip Growth Fund | 0.16 | 0.13 | 0.13 | 75 | Large Cap Growth Equities | FSMTX vs FBGRX | |
| Fidelity Total Market Index Fund | 0.25 | 0.22 | 0.17 | 71 | Large Cap Blend Equities | FSMTX vs FSKAX |
See all 18 diversifiers for FSMTX
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