Looking to diversify beyond FSOAX? The mutual funds below have the lowest correlation with FSOAX — 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 FSOAX.
Best Diversifiers for FSOAX
0 mutual funds have low correlation with FSOAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Blue Chip Growth Fund (FBGRX) (Large Cap Growth Equities) with a 1Y correlation of 0.50, down from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Blue Chip Growth Fund | 0.50 | 0.55 | 0.65 | 68 | Large Cap Growth Equities | FSOAX vs FBGRX | |
| Fidelity Select Semiconductors Portfolio | 0.51 | 0.52 | 0.60 | 96 | Semiconductors, Technology Equities | FSOAX vs FSELX | |
| Fidelity ZERO Large Cap Index Fund | 0.69 | 0.73 | 0.79 | 62 | Large Cap Blend Equities | FSOAX vs FNILX | |
| Fidelity 500 Index Fund | 0.70 | 0.73 | 0.79 | 65 | S&P 500 | FSOAX vs FXAIX | |
| Fidelity Total International Index Fund | 0.71 | 0.70 | 0.74 | 66 | Foreign Large Cap Equities | FSOAX vs FTIHX |
See all 57 diversifiers for FSOAX
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