Looking to diversify beyond FSMUX? The mutual funds below have the lowest correlation with FSMUX — 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 FSMUX.
Best Diversifiers for FSMUX
22 mutual funds have low correlation with FSMUX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.08, down from 0.15 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.08 | 0.15 | — | 96 | Municipal Bonds | FSMUX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.02 | 0.16 | — | 95 | Municipal Bonds | FSMUX vs DMREX | |
| Fidelity Select Semiconductors Portfolio | 0.04 | 0.04 | — | 97 | Semiconductors, Technology Equities | FSMUX vs FSELX | |
| DFA NY Municipal Bond Portfolio | 0.07 | 0.27 | — | 99 | Municipal Bonds | FSMUX vs DNYMX | |
| Fidelity Blue Chip Growth Fund | 0.13 | 0.11 | — | 75 | Large Cap Growth Equities | FSMUX vs FBGRX |
See all 449 diversifiers for FSMUX
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