Looking to diversify beyond FSNUX? The mutual funds below have historically moved differently from FSNUX, 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 FSNUX
0 mutual funds have low correlation with FSNUX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Dividend Income Fund Institutional 3 Class (CDDYX) (Large Cap Value Equities) with a 1Y correlation of 0.63, down from 0.77 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.63 | 0.70 | 0.77 | 90 | Large Cap Value Equities, Dividend | FSNUX vs CDDYX | |
| Fidelity Select Semiconductors Portfolio | 0.74 | 0.72 | 0.75 | 80 | Semiconductors, Technology Equities | FSNUX vs FSELX | |
| Fidelity Select Technology Portfolio | 0.75 | 0.75 | 0.80 | 72 | Technology Equities | FSNUX vs FSPTX | |
| Dimensional Retirement Income Fund | 0.82 | 0.83 | 0.79 | 81 | Target Retirement Date | FSNUX vs TDIFX | |
| Vanguard Global Wellington Fund Admiral Shares | 0.83 | 0.83 | 0.88 | 91 | Diversified Portfolio | FSNUX vs VGWAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FSNUX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.19, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.19 | 0.04 | 0.20 | 80 | Energy |
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