Looking to diversify beyond FTSHX? The mutual funds below have the lowest correlation with FTSHX — 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 FTSHX.
Best Diversifiers for FTSHX
14 mutual funds have low correlation with FTSHX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.13, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.13 | 0.04 | 0.03 | 97 | Semiconductors, Technology Equities | FTSHX vs FSELX | |
| Fidelity 500 Index Fund | 0.18 | 0.12 | 0.07 | 73 | S&P 500 | FTSHX vs FXAIX | |
| Fidelity Blue Chip Growth Fund | 0.18 | 0.08 | 0.06 | 75 | Large Cap Growth Equities | FTSHX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.18 | 0.12 | 0.08 | 71 | Large Cap Blend Equities | FTSHX vs FNILX | |
| Fidelity Total Market Index Fund | 0.19 | 0.12 | 0.08 | 71 | Large Cap Blend Equities | FTSHX vs FSKAX |
See all 23 diversifiers for FTSHX
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