Looking to diversify beyond FSNPX? The mutual funds below have historically moved differently from FSNPX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FSNPX
0 mutual funds have low correlation with FSNPX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.73, roughly unchanged from 0.72 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.73 | 0.68 | 0.72 | 80 | Semiconductors, Technology Equities | FSNPX vs FSELX | |
| Dimensional Retirement Income Fund | 0.85 | 0.88 | 0.86 | 81 | Target Retirement Date | FSNPX vs TDIFX | |
| Voya Target In-Retirement Fund | 0.88 | 0.91 | 0.91 | 70 | Target Retirement Date | FSNPX vs ISOLX | |
| Voya Target Retirement 2040 Fund | 0.88 | 0.91 | 0.92 | 75 | Target Retirement Date | FSNPX vs IRSOX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.89 | 0.88 | 0.90 | 77 | Target Retirement Date | FSNPX vs DTDRX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FSNPX
Add FSNPX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FSNPX