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
70 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 -0.21, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.21 | 0.05 | 0.19 | 76 | Commodities | FSPSX vs FIFGX | |
| Fidelity Select Energy Portfolio | -0.03 | 0.21 | 0.34 | 79 | Energy Equities | FSPSX vs FSENX | |
| Fidelity Series Treasury Bill Index Fund | 0.03 | 0.01 | 0.03 | 99 | Ultrashort Bond | FSPSX vs FHQFX | |
| Fidelity Series Commodity Strategy Fund | 0.03 | 0.19 | 0.26 | 64 | Commodities | FSPSX vs FCSSX | |
| Fidelity Commodity Strategy Fund | 0.05 | 0.21 | 0.27 | 62 | Commodities | FSPSX vs FYHTX |
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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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.11, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.11 | 0.07 | 0.21 | 76 | Energy | |
| Altria Group, Inc. | -0.09 | 0.11 | 0.18 | 69 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.08 | 0.09 | 0.22 | 85 | Energy | |
| Energy Transfer LP | -0.08 | 0.20 | 0.30 | 69 | Energy | |
| Chevron Corporation | -0.06 | 0.10 | 0.23 | 83 | Energy |
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Build a portfolio that complements FSPSX
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