Looking to diversify beyond FSSNX? The mutual funds below have the lowest correlation with FSSNX — 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 FSSNX.
Best Diversifiers for FSSNX
11 mutual funds have low correlation with FSSNX (below 0.3), 4 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.18, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.18 | 0.06 | 0.16 | 79 | Commodities | FSSNX vs FIFGX | |
| Vanguard Market Neutral Fund Investor Shares | -0.17 | -0.10 | -0.08 | 63 | Long-Short | FSSNX vs VMNFX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.13 | 0.07 | 0.16 | 78 | Commodities | FSSNX vs PCLIX | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.01 | 0.11 | 0.15 | 94 | Inflation-Protected Bonds | FSSNX vs VTAPX | |
| Fidelity Conservative Income Municipal Bond Fund I... | 0.08 | 0.10 | 0.07 | 98 | Municipal Bonds | FSSNX vs FMNDX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FSSNX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FSSNX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.15, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.15 | 0.08 | 0.17 | 67 | Consumer Defensive | |
| The Coca-Cola Company | -0.09 | 0.05 | 0.18 | 63 | Consumer Defensive | |
| Duke Energy Corporation | -0.08 | 0.04 | 0.10 | 52 | Utilities | |
| Exxon Mobil Corporation | -0.04 | 0.19 | 0.29 | 85 | Energy | |
| Chevron Corporation | -0.01 | 0.22 | 0.33 | 83 | Energy |
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