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 | — | 97 | Semiconductors, Technology Equities | FSXAX vs FSELX | |
| Dimensional Retirement Income Fund | 0.80 | 0.86 | 0.86 | 83 | Target Retirement Date | FSXAX vs TDIFX | |
| Fidelity Blue Chip Growth Fund | 0.80 | 0.78 | — | 75 | Large Cap Growth Equities | FSXAX vs FBGRX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.87 | 0.90 | 0.90 | 83 | Target Retirement Date | FSXAX vs DRILX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.87 | 0.89 | — | 83 | Target Retirement Date | FSXAX vs DTDRX |
See all 64 diversifiers for FSXAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FSXAX
Add FSXAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FSXAX