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
1 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 0.06, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | 0.06 | 0.34 | 0.44 | 70 | Energy Equities | FSOPX vs FSENX | |
| Federated Hermes MDT Small Cap Core Fund | 0.32 | 0.62 | 0.79 | 59 | Small Cap Blend Equities | FSOPX vs QISCX | |
| Artisan International Value Fund | 0.57 | 0.62 | 0.70 | 62 | Foreign Large Cap Equities | FSOPX vs ARTKX | |
| Fidelity Blue Chip Growth Fund | 0.62 | 0.65 | 0.75 | 52 | Large Cap Growth Equities | FSOPX vs FBGRX | |
| Fidelity Select Semiconductors Portfolio | 0.63 | 0.61 | 0.69 | 89 | Semiconductors, Technology Equities | FSOPX vs FSELX |
See all 119 diversifiers for FSOPX
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