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
6 mutual funds have low correlation with FSMTX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Floating Rate High Income Fund (FFRHX) (Bank Loan) with a 1Y correlation of 0.05, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | 0.05 | 0.13 | 0.16 | 93 | Bank Loan | FSMTX vs FFRHX | |
| Fidelity Select Semiconductors Portfolio | 0.07 | 0.07 | 0.09 | 89 | Semiconductors, Technology Equities | FSMTX vs FSELX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.18 | -0.21 | -0.26 | 99 | Total Bond Market | FSMTX vs JSOSX | |
| Fidelity Blue Chip Growth Fund | 0.21 | 0.14 | 0.14 | 52 | Large Cap Growth Equities | FSMTX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.29 | 0.23 | 0.18 | 58 | Large Cap Blend Equities | FSMTX vs FNILX |
See all 21 diversifiers for FSMTX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FSMTX
Add FSMTX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FSMTX