Looking to diversify beyond SEQUX? The mutual funds below have historically moved differently from SEQUX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SEQUX
0 mutual funds have low correlation with SEQUX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.31, down from 0.63 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.31 | 0.48 | 0.63 | 80 | Semiconductors, Technology Equities | SEQUX vs FSELX | |
| Lord Abbett Short Duration Income Fund | 0.31 | 0.17 | 0.15 | 74 | Total Bond Market | SEQUX vs LLDYX | |
| American Growth Fund Series One | 0.42 | 0.60 | 0.72 | 55 | Large Cap Growth Equities | SEQUX vs AMRGX | |
| Fidelity OTC Portfolio | 0.43 | 0.54 | 0.68 | 72 | Large Cap Growth Equities | SEQUX vs FOCPX | |
| Fidelity OTC Portfolio Class K | 0.46 | 0.59 | 0.74 | 72 | Large Cap Growth Equities | SEQUX vs FOCKX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SEQUX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Loews Corporation (L) (Financial Services) with a 1Y correlation of 0.15, down from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Loews Corporation | 0.15 | 0.30 | 0.42 | 88 | Financial Services | |
| Berkshire Hathaway Inc. | 0.16 | 0.36 | 0.50 | 61 | Financial Services | |
| Datadog, Inc. | 0.25 | 0.35 | 0.47 | 83 | Technology | |
| SoftBank Group Corp. | 0.26 | 0.41 | 0.46 | 72 | Communication Services | |
| Etsy, Inc. | 0.28 | 0.31 | 0.45 | 67 | Consumer Cyclical |
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