Looking to diversify beyond FSPTX? The mutual funds below have the lowest correlation with FSPTX — 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 FSPTX.
Best Diversifiers for FSPTX
6 mutual funds have low correlation with FSPTX (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) (Inflation-Protected Bonds) with a 1Y correlation of -0.10, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | -0.10 | 0.01 | 0.09 | 94 | Inflation-Protected Bonds | FSPTX vs VTAPX | |
| Fidelity Select Energy Portfolio | -0.05 | 0.12 | 0.22 | 78 | Energy Equities | FSPTX vs FSENX | |
| Vanguard Short-Term Investment-Grade Fund Admiral ... | 0.09 | 0.06 | 0.09 | 63 | Total Bond Market | FSPTX vs VFSUX | |
| Fidelity Select Pharmaceuticals Portfolio | 0.20 | 0.31 | 0.40 | 56 | Health & Biotech Equities | FSPTX vs FPHAX | |
| Fidelity Floating Rate High Income Fund | 0.21 | 0.24 | 0.28 | 93 | High Yield Bonds | FSPTX vs FFRHX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSPTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSPTX and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.30, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.30 | -0.22 | -0.08 | 52 | Utilities | |
| Altria Group, Inc. | -0.26 | -0.14 | -0.03 | 67 | Consumer Defensive | |
| Verizon Communications Inc. | -0.24 | -0.12 | -0.02 | 62 | Communication Services | |
| The Coca-Cola Company | -0.22 | -0.11 | 0.06 | 63 | Consumer Defensive | |
| PepsiCo, Inc. | -0.22 | -0.10 | 0.05 | 57 | Consumer Defensive |
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Build a portfolio that complements FSPTX
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