Looking to diversify beyond FSMVX? The mutual funds below have the lowest correlation with FSMVX — 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 FSMVX.
Best Diversifiers for FSMVX
1 mutual funds have low correlation with FSMVX (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 0.20, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | 0.20 | 0.28 | 0.33 | 92 | Bank Loan | FSMVX vs FFRHX | |
| Fidelity Select Technology Portfolio | 0.49 | 0.52 | 0.62 | 89 | Technology Equities | FSMVX vs FSPTX | |
| Fidelity Blue Chip Growth Fund | 0.53 | 0.57 | 0.67 | 73 | Large Cap Growth Equities | FSMVX vs FBGRX | |
| Fidelity Select Semiconductors Portfolio | 0.55 | 0.55 | 0.62 | 96 | Semiconductors, Technology Equities | FSMVX vs FSELX | |
| Fidelity NASDAQ Composite Index Fund | 0.56 | 0.60 | 0.69 | 56 | Large Cap Growth Equities | FSMVX vs FNCMX |
See all 46 diversifiers for FSMVX
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