Looking to diversify beyond FSOPX? The mutual funds below have historically moved differently from FSOPX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.04, down from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | 0.04 | 0.32 | 0.43 | 87 | Energy Equities | FSOPX vs FSENX | |
| Federated Hermes MDT Small Cap Core Fund | 0.36 | 0.62 | 0.79 | 62 | Small Cap Blend Equities | FSOPX vs QISCX | |
| Artisan International Value Fund | 0.54 | 0.62 | 0.69 | 76 | Foreign Large Cap Equities | FSOPX vs ARTKX | |
| Fidelity Select Semiconductors Portfolio | 0.67 | 0.61 | 0.68 | 80 | Semiconductors, Technology Equities | FSOPX vs FSELX | |
| Auer Growth Fund | 0.69 | 0.77 | 0.81 | 90 | Small Cap Blend Equities | FSOPX vs AUERX |
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