Looking to diversify beyond FSTZX? The mutual funds below have historically moved differently from FSTZX, 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 FSTZX
10 mutual funds have low correlation with FSTZX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.01, roughly unchanged from -0.00 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.01 | -0.00 | — | 80 | Semiconductors, Technology Equities | FSTZX vs FSELX | |
| Fidelity 500 Index Fund | 0.03 | 0.09 | — | 64 | S&P 500 | FSTZX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.03 | 0.10 | — | 59 | Large Cap Blend Equities | FSTZX vs FNILX | |
| Fidelity ZERO Total Market Index Fund | 0.03 | 0.11 | — | 64 | Large Cap Blend Equities | FSTZX vs FZROX | |
| Fidelity Capital & Income Fund | 0.04 | 0.16 | — | 74 | High Yield Bonds | FSTZX vs FAGIX |
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