Looking to diversify beyond FSSNX? The mutual funds below have historically moved differently from FSSNX, 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 FSSNX
9 mutual funds have low correlation with FSSNX (below 0.3), 3 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.18, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.18 | 0.02 | 0.14 | 79 | Commodities | FSSNX vs FIFGX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.14 | 0.03 | 0.14 | 72 | Commodities | FSSNX vs PCLIX | |
| Vanguard Market Neutral Fund Investor Shares | -0.13 | -0.12 | -0.09 | 97 | Long-Short | FSSNX vs VMNFX | |
| Fidelity Select Energy Portfolio | 0.03 | 0.31 | 0.42 | 87 | Energy Equities | FSSNX vs FSENX | |
| Fidelity Conservative Income Municipal Bond Fund I... | 0.05 | 0.11 | 0.07 | 99 | Municipal Bonds | FSSNX vs FMNDX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FSSNX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.21, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.21 | 0.02 | 0.14 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.18 | 0.02 | 0.16 | 90 | Consumer Defensive | |
| Chubb Limited | -0.15 | 0.08 | 0.25 | 89 | Financial Services | |
| Duke Energy Corporation | -0.15 | 0.02 | 0.11 | 56 | Utilities | |
| Exxon Mobil Corporation | -0.15 | 0.14 | 0.27 | 84 | Energy |
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