Looking to diversify beyond SMDMX? The mutual funds below have the lowest correlation with SMDMX — 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 SMDMX.
Best Diversifiers for SMDMX
15 mutual funds have low correlation with SMDMX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.07, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.07 | 0.05 | 0.07 | 97 | Semiconductors, Technology Equities | SMDMX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.14 | 0.10 | 0.11 | 75 | Large Cap Growth Equities | SMDMX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.17 | 0.15 | 0.13 | 71 | Large Cap Blend Equities | SMDMX vs FNILX | |
| Fidelity 500 Index Fund | 0.18 | 0.15 | 0.12 | 73 | S&P 500 | SMDMX vs FXAIX | |
| Fidelity ZERO Total Market Index Fund | 0.18 | 0.16 | 0.13 | 72 | Large Cap Blend Equities | SMDMX vs FZROX |
See all 28 diversifiers for SMDMX
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