Looking to diversify beyond FSRPX? The mutual funds below have historically moved differently from FSRPX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FSRPX
2 mutual funds have low correlation with FSRPX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.25, down from 0.57 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.25 | 0.44 | 0.57 | 80 | Semiconductors, Technology Equities | FSRPX vs FSELX | |
| Fidelity Select Tech Hardware Portfolio | 0.29 | 0.52 | 0.63 | 94 | Technology Equities | FSRPX vs FDCPX | |
| Fidelity OTC Portfolio | 0.39 | 0.60 | 0.72 | 76 | Large Cap Growth Equities | FSRPX vs FOCPX | |
| Fidelity Total International Index Fund | 0.49 | 0.57 | 0.62 | 73 | Foreign Large Cap Equities | FSRPX vs FTIHX | |
| Northern Income Equity Fund | 0.54 | 0.69 | 0.76 | 78 | Large Cap Value Equities, Dividend, Actively Managed | FSRPX vs NOIEX |
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