Looking to diversify beyond FSXAX? The mutual funds below have the lowest correlation with FSXAX — 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 FSXAX.
Best Diversifiers for FSXAX
0 mutual funds have low correlation with FSXAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.71, roughly unchanged from 0.70 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.71 | 0.70 | — | 96 | Semiconductors, Technology Equities | FSXAX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.82 | 0.78 | — | 68 | Large Cap Growth Equities | FSXAX vs FBGRX | |
| Dimensional Retirement Income Fund | 0.82 | 0.86 | — | 70 | Target Retirement Date | FSXAX vs TDIFX | |
| MFS Lifetime 2025 Fund | 0.87 | 0.89 | — | 61 | Target Retirement Date | FSXAX vs LTTIX | |
| Voya Target Retirement 2050 Fund | 0.87 | 0.90 | 0.91 | 81 | Target Retirement Date | FSXAX vs IRSQX |
See all 71 diversifiers for FSXAX
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