Looking to diversify beyond FSRBX? The mutual funds below have the lowest correlation with FSRBX — 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 FSRBX.
Best Diversifiers for FSRBX
2 mutual funds have low correlation with FSRBX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.23, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.23 | 0.31 | 0.41 | 96 | Semiconductors, Technology Equities | FSRBX vs FSELX | |
| Fidelity OTC Portfolio | 0.26 | 0.33 | 0.45 | 90 | Large Cap Growth Equities | FSRBX vs FOCPX | |
| Fidelity Blue Chip Growth Fund | 0.31 | 0.37 | 0.48 | 68 | Large Cap Growth Equities | FSRBX vs FBGRX | |
| Fidelity Total International Index Fund | 0.40 | 0.46 | 0.55 | 66 | Foreign Large Cap Equities | FSRBX vs FTIHX | |
| Northern Income Equity Fund | 0.49 | 0.56 | 0.65 | 74 | Large Cap Value Equities | FSRBX vs NOIEX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSRBX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSRBX and solid risk/return profiles. The least correlated is Bank of America Corporation (BAC) (Financial Services) with a 1Y correlation of 0.77, roughly unchanged from 0.84 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Bank of America Corporation | 0.77 | 0.82 | 0.85 | 74 | Financial Services | |
| Fifth Third Bancorp | 0.83 | 0.88 | 0.90 | 79 | Financial Services |
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