Looking to diversify beyond FSPGX? The mutual funds below have the lowest correlation with FSPGX — 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 FSPGX.
Best Diversifiers for FSPGX
104 mutual funds have low correlation with FSPGX (below 0.3), 4 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.15, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.15 | 0.01 | 0.10 | 70 | Commodities | FSPGX vs FIFGX | |
| Fidelity Select Energy Portfolio | -0.15 | 0.08 | 0.21 | 76 | Energy Equities | FSPGX vs FSENX | |
| Fidelity Commodity Strategy Fund | -0.01 | 0.07 | 0.13 | 51 | Commodities | FSPGX vs FYHTX | |
| Fidelity Series Commodity Strategy Fund | -0.01 | 0.07 | 0.13 | 53 | Commodities | FSPGX vs FCSSX | |
| Fidelity Series Treasury Bill Index Fund | 0.01 | -0.00 | 0.01 | 100 | Ultrashort Bond | FSPGX vs FHQFX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSPGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSPGX and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.36, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.36 | -0.20 | -0.01 | 63 | Utilities | |
| Altria Group, Inc. | -0.34 | -0.14 | 0.00 | 77 | Consumer Defensive | |
| Waste Management, Inc. | -0.31 | -0.02 | 0.17 | 51 | Industrials | |
| Chubb Limited | -0.30 | -0.07 | 0.11 | 81 | Financial Services | |
| The Southern Company | -0.30 | -0.16 | 0.03 | 56 | Utilities |
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Build a portfolio that complements FSPGX
Add FSPGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FSPGX