Looking to diversify beyond FSOPX? The mutual funds below have the lowest correlation with FSOPX — 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 FSOPX.
Best Diversifiers for FSOPX
2 mutual funds have low correlation with FSOPX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of 0.10, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | 0.10 | 0.37 | 0.46 | 79 | Energy Equities | FSOPX vs FSENX | |
| Federated Hermes MDT Small Cap Core Fund | 0.22 | 0.62 | 0.79 | 51 | Small Cap Blend Equities | FSOPX vs QISCX | |
| Fidelity Blue Chip Growth Fund | 0.62 | 0.64 | 0.74 | 75 | Large Cap Growth Equities | FSOPX vs FBGRX | |
| Fidelity Select Semiconductors Portfolio | 0.63 | 0.61 | 0.68 | 97 | Semiconductors, Technology Equities | FSOPX vs FSELX | |
| John Hancock Variable Insurance Trust Small Cap In... | 0.69 | 0.85 | 0.91 | 83 | Small Cap Blend Equities | FSOPX vs JESIX |
See all 104 diversifiers for FSOPX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FSOPX
Add FSOPX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FSOPX