Looking to diversify beyond FSRFX? The mutual funds below have the lowest correlation with FSRFX — 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 FSRFX.
Best Diversifiers for FSRFX
0 mutual funds have low correlation with FSRFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.38, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.38 | 0.44 | 0.54 | 96 | Semiconductors, Technology Equities | FSRFX vs FSELX | |
| Fidelity OTC Portfolio | 0.42 | 0.48 | 0.58 | 92 | Large Cap Growth Equities | FSRFX vs FOCPX | |
| Fidelity Blue Chip Growth Fund | 0.46 | 0.52 | 0.62 | 73 | Large Cap Growth Equities | FSRFX vs FBGRX | |
| Fidelity Total International Index Fund | 0.59 | 0.60 | 0.65 | 62 | Foreign Large Cap Equities | FSRFX vs FTIHX | |
| Fidelity ZERO Large Cap Index Fund | 0.61 | 0.65 | 0.72 | 63 | Large Cap Blend Equities | FSRFX vs FNILX |
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