Looking to diversify beyond SMVLX? The mutual funds below have the lowest correlation with SMVLX — 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 SMVLX.
Best Diversifiers for SMVLX
3 mutual funds have low correlation with SMVLX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity OTC Portfolio (FOCPX) (Large Cap Growth Equities) with a 1Y correlation of 0.10, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity OTC Portfolio | 0.10 | 0.32 | 0.50 | 92 | Large Cap Growth Equities | SMVLX vs FOCPX | |
| Fidelity Blue Chip Growth Fund | 0.13 | 0.36 | 0.53 | 73 | Large Cap Growth Equities | SMVLX vs FBGRX | |
| Rational Equity Armor Fund | 0.22 | 0.42 | 0.59 | 55 | Large Cap Value Equities | SMVLX vs HDCTX | |
| Fidelity Dividend Growth Fund Class K | 0.37 | 0.57 | 0.70 | 80 | Large Cap Value Equities | SMVLX vs FDGKX | |
| Fidelity Dividend Growth Fund | 0.37 | 0.57 | 0.70 | 87 | Large Cap Blend Equities, Dividend | SMVLX vs FDGFX |
See all 85 diversifiers for SMVLX
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