Looking to diversify beyond FSVLX? The mutual funds below have the lowest correlation with FSVLX — 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 FSVLX.
Best Diversifiers for FSVLX
1 mutual funds have low correlation with FSVLX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.27, down from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.27 | 0.45 | 0.58 | 96 | Semiconductors, Technology Equities | FSVLX vs FSELX | |
| Fidelity OTC Portfolio | 0.44 | 0.56 | 0.69 | 92 | Large Cap Growth Equities | FSVLX vs FOCPX | |
| Fidelity Select Technology Portfolio | 0.46 | 0.55 | 0.69 | 89 | Technology Equities | FSVLX vs FSPTX | |
| RMB Mendon Financial Services Fund | 0.47 | 0.55 | 0.62 | 58 | Financials Equities | FSVLX vs RMBKX | |
| Fidelity Total International Index Fund | 0.47 | 0.56 | 0.66 | 62 | Foreign Large Cap Equities | FSVLX vs FTIHX |
See all 12 diversifiers for FSVLX
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