Looking to diversify beyond FSNVX? The mutual funds below have the lowest correlation with FSNVX — 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 FSNVX.
Best Diversifiers for FSNVX
0 mutual funds have low correlation with FSNVX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.75, roughly unchanged from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.74 | 0.77 | 91 | Semiconductors, Technology Equities | FSNVX vs FSELX | |
| Strategic Advisers Fidelity U.S. Total Stock Fund | 0.77 | 0.83 | 0.89 | 86 | Large Cap Blend Equities | FSNVX vs FCTDX | |
| Dimensional Retirement Income Fund | 0.79 | 0.80 | 0.76 | 83 | Target Retirement Date | FSNVX vs TDIFX | |
| Fidelity Select Tech Hardware Portfolio | 0.81 | 0.81 | 0.84 | 96 | Technology Equities | FSNVX vs FDCPX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.81 | 0.79 | 0.78 | 71 | Target Retirement Date | FSNVX vs FRQIX |
See all 66 diversifiers for FSNVX
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