Looking to diversify beyond FSNUX? The mutual funds below have the lowest correlation with FSNUX — 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 FSNUX.
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 0.69, roughly unchanged from 0.79 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.69 | 0.72 | 0.79 | 68 | Large Cap Value Equities, Dividend | FSNUX vs CDDYX | |
| Fidelity Select Technology Portfolio | 0.73 | 0.75 | 0.80 | 94 | Technology Equities | FSNUX vs FSPTX | |
| Fidelity Select Semiconductors Portfolio | 0.73 | 0.72 | 0.75 | 97 | Semiconductors, Technology Equities | FSNUX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.82 | 0.78 | 83 | Target Retirement Date | FSNUX vs TDIFX | |
| Fidelity Multi-Asset Income Fund | 0.82 | 0.84 | 0.87 | 58 | Diversified Portfolio | FSNUX vs FMSDX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSNUX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSNUX and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.10, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.10 | 0.09 | 0.24 | 83 | Energy |
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