Looking to diversify beyond FSSMX? The mutual funds below have the lowest correlation with FSSMX — 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 FSSMX.
Best Diversifiers for FSSMX
0 mutual funds have low correlation with FSSMX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Series Emerging Markets Debt Fund (FEDCX) (Emerging Markets Bonds) with a 1Y correlation of 0.32, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Series Emerging Markets Debt Fund | 0.32 | 0.31 | 0.32 | 93 | Emerging Markets Bonds | FSSMX vs FEDCX | |
| Fidelity OTC Portfolio | 0.58 | 0.60 | 0.70 | 93 | Large Cap Growth Equities | FSSMX vs FOCPX | |
| Fidelity Blue Chip Growth Fund | 0.61 | 0.63 | 0.74 | 75 | Large Cap Growth Equities | FSSMX vs FBGRX | |
| Fidelity Select Semiconductors Portfolio | 0.61 | 0.59 | 0.66 | 97 | Semiconductors, Technology Equities | FSSMX vs FSELX | |
| Fidelity Total International Index Fund | 0.68 | 0.70 | 0.75 | 58 | Foreign Large Cap Equities | FSSMX vs FTIHX |
See all 26 diversifiers for FSSMX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FSSMX
Add FSSMX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FSSMX