Looking to diversify beyond FSPSX? The mutual funds below have the lowest correlation with FSPSX — 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 FSPSX.
Best Diversifiers for FSPSX
42 mutual funds have low correlation with FSPSX (below 0.3), 2 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.17, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.17 | 0.03 | 0.18 | 61 | Commodities | FSPSX vs FIFGX | |
| Fidelity Select Energy Portfolio | -0.02 | 0.18 | 0.32 | 70 | Energy Equities | FSPSX vs FSENX | |
| Fidelity Series Treasury Bill Index Fund | 0.02 | 0.01 | 0.02 | 100 | Ultrashort Bond | FSPSX vs FHQFX | |
| Fidelity Flex Conservative Income Bond Fund | 0.09 | 0.07 | 0.05 | 99 | Total Bond Market | FSPSX vs FJTDX | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | 0.10 | 0.03 | 0.03 | 97 | Municipal Bonds | FSPSX vs FGNSX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSPSX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSPSX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.13 | 0.06 | 0.16 | 78 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.11 | 0.07 | 0.22 | 76 | Energy | |
| ConocoPhillips Company | -0.10 | 0.04 | 0.20 | 66 | Energy | |
| Occidental Petroleum Corporation | -0.09 | 0.09 | 0.22 | 64 | Energy | |
| Devon Energy Corporation | -0.09 | 0.11 | 0.26 | 73 | Energy |
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Build a portfolio that complements FSPSX
Add FSPSX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FSPSX