Looking to diversify beyond SMVLX? The mutual funds below have historically moved differently from SMVLX, 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 SMVLX
2 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 0.04, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity OTC Portfolio | 0.04 | 0.28 | 0.48 | 72 | Large Cap Growth Equities | SMVLX vs FOCPX | |
| AMG Yacktman Focused Fund | 0.27 | 0.58 | 0.71 | 91 | Large Cap Value Equities | SMVLX vs YAFFX | |
| Fidelity Dividend Growth Fund Class K | 0.30 | 0.53 | 0.68 | 65 | Large Cap Value Equities | SMVLX vs FDGKX | |
| Fidelity Dividend Growth Fund | 0.30 | 0.53 | 0.68 | 78 | Large Cap Blend Equities, Dividend | SMVLX vs FDGFX | |
| Fidelity Large Cap Stock Fund | 0.36 | 0.60 | 0.74 | 73 | Large Cap Blend Equities | SMVLX vs FLCSX |
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