Looking to diversify beyond FSUVX? The mutual funds below have historically moved differently from FSUVX, 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 FSUVX
5 mutual funds have low correlation with FSUVX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.20, down from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.20 | 0.38 | 0.51 | 80 | Semiconductors, Technology Equities | FSUVX vs FSELX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.24 | 0.16 | 0.16 | 97 | Large Cap Blend Equities | FSUVX vs SVPFX | |
| Federated Hermes MDT All Cap Core Fund | 0.27 | 0.48 | 0.68 | 53 | Large Cap Blend Equities | FSUVX vs QIACX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.27 | 0.48 | 0.68 | 50 | Large Cap Blend Equities | FSUVX vs QKACX | |
| Fidelity SAI Emerging Markets Low Volatility Index... | 0.27 | 0.38 | 0.44 | 53 | Emerging Markets Equities, Low Volatility | FSUVX vs FGKPX |
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