Looking to diversify beyond FYLSX? The mutual funds below have the lowest correlation with FYLSX — 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 FYLSX.
Best Diversifiers for FYLSX
0 mutual funds have low correlation with FYLSX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.75, roughly unchanged from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.74 | 0.77 | 89 | Semiconductors, Technology Equities | FYLSX vs FSELX | |
| Dimensional Retirement Income Fund | 0.79 | 0.79 | 0.75 | 85 | Target Retirement Date | FYLSX vs TDIFX | |
| Fidelity Blue Chip Growth Fund | 0.80 | 0.77 | 0.80 | 56 | Large Cap Growth Equities | FYLSX vs FBGRX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.80 | 0.77 | 0.77 | 68 | Target Retirement Date | FYLSX vs FRQIX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.80 | 0.77 | 0.78 | 63 | Target Retirement Date | FYLSX vs FRQAX |
See all 56 diversifiers for FYLSX
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