Looking to diversify beyond MCSRX? The mutual funds below have the lowest correlation with MCSRX — 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 MCSRX.
Best Diversifiers for MCSRX
0 mutual funds have low correlation with MCSRX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Global Commodity Stock Fund (FFGCX) (Commodities) with a 1Y correlation of 0.63, roughly unchanged from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Global Commodity Stock Fund | 0.63 | 0.60 | 0.60 | 91 | Commodities | MCSRX vs FFGCX | |
| Fidelity Advisor Global Commodity Stock Fund Class... | 0.63 | 0.60 | 0.59 | 90 | Commodities | MCSRX vs FFGTX | |
| Fidelity Advisor Global Commodity Stock Fund Class... | 0.63 | 0.60 | 0.59 | 91 | Commodities | MCSRX vs FIQRX | |
| Fidelity Advisor Global Commodity Stock Fund Class... | 0.63 | 0.60 | 0.59 | 91 | Commodities | MCSRX vs FFGIX | |
| Fidelity Advisor Global Commodity Stock Fund Class... | 0.63 | 0.60 | 0.60 | 90 | Commodities | MCSRX vs FFGAX |
See all 21 diversifiers for MCSRX
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