Looking to diversify beyond FSTCX? The mutual funds below have historically moved differently from FSTCX, 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 FSTCX
2 mutual funds have low correlation with FSTCX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.24, roughly unchanged from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.24 | 0.16 | 0.28 | 80 | Semiconductors, Technology Equities | FSTCX vs FSELX | |
| Fidelity OTC Portfolio | 0.25 | 0.20 | 0.35 | 72 | Large Cap Growth Equities | FSTCX vs FOCPX | |
| Fidelity Total International Index Fund | 0.33 | 0.39 | 0.48 | 70 | Foreign Large Cap Equities | FSTCX vs FTIHX | |
| Gabelli Media Mogul Fund | 0.33 | 0.53 | 0.63 | 78 | Communications Equities | FSTCX vs MOGLX | |
| Fidelity International Index Fund | 0.34 | 0.39 | 0.48 | 64 | Foreign Large Cap Equities | FSTCX vs FSPSX |
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