Looking to diversify beyond FSTDX? The mutual funds below have historically moved differently from FSTDX, 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 FSTDX
7 mutual funds have low correlation with FSTDX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Multi-Asset Real Return Fund Class A (SEIAX) (Inflation-Protected Bonds) with a 1Y correlation of -0.02, down from 0.22 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Multi-Asset Real Return Fund Class A | -0.02 | 0.22 | — | 86 | Inflation-Protected Bonds | FSTDX vs SEIAX | |
| Fidelity Select Semiconductors Portfolio | 0.14 | 0.07 | — | 80 | Semiconductors, Technology Equities | FSTDX vs FSELX | |
| Allspring Real Return Fund | 0.25 | 0.47 | — | 66 | Inflation-Protected Bonds | FSTDX vs IPBAX | |
| Fidelity ZERO Large Cap Index Fund | 0.28 | 0.22 | — | 59 | Large Cap Blend Equities | FSTDX vs FNILX | |
| Fidelity 500 Index Fund | 0.29 | 0.21 | — | 64 | S&P 500 | FSTDX vs FXAIX |
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