Looking to diversify beyond FSTZX? The mutual funds below have the lowest correlation with FSTZX — 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 FSTZX.
Best Diversifiers for FSTZX
9 mutual funds have low correlation with FSTZX (below 0.3), 3 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of -0.04, roughly unchanged from -0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | -0.04 | -0.00 | — | 96 | Semiconductors, Technology Equities | FSTZX vs FSELX | |
| Fidelity Blue Chip Growth Fund | -0.04 | 0.04 | — | 73 | Large Cap Growth Equities | FSTZX vs FBGRX | |
| Fidelity Capital & Income Fund | -0.00 | 0.16 | — | 91 | High Yield Bonds | FSTZX vs FAGIX | |
| Fidelity 500 Index Fund | 0.01 | 0.09 | — | 66 | S&P 500 | FSTZX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.01 | 0.10 | — | 63 | Large Cap Blend Equities | FSTZX vs FNILX |
See all 24 diversifiers for FSTZX
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