Looking to diversify beyond FSPWX? The mutual funds below have the lowest correlation with FSPWX — 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 FSPWX.
Best Diversifiers for FSPWX
16 mutual funds have low correlation with FSPWX (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.10 | — | — | 54 | Commodities | FSPWX vs FIFGX | |
| Fidelity Flex Conservative Income Bond Fund | 0.01 | — | — | 99 | Total Bond Market | FSPWX vs FJTDX | |
| Fidelity Select Semiconductors Portfolio | 0.11 | — | — | 92 | Semiconductors, Technology Equities | FSPWX vs FSELX | |
| SEI Multi-Asset Real Return Fund Class A | 0.12 | — | — | 67 | Inflation-Protected Bonds | FSPWX vs SEIAX | |
| Fidelity Blue Chip Growth Fund | 0.20 | — | — | 61 | Large Cap Growth Equities | FSPWX vs FBGRX |
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