Looking to diversify beyond FACNX? The mutual funds below have historically moved differently from FACNX, 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 FACNX
2 mutual funds have low correlation with FACNX (below 0.3), 0 of which are negatively correlated. The least correlated is Pear Tree Polaris Foreign Value Fund (QFVOX) (Foreign Large Cap Equities) with a 1Y correlation of 0.27, down from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pear Tree Polaris Foreign Value Fund | 0.27 | 0.43 | 0.56 | 88 | Foreign Large Cap Equities | FACNX vs QFVOX | |
| Fidelity Select Semiconductors Portfolio | 0.29 | 0.40 | 0.49 | 80 | Semiconductors, Technology Equities | FACNX vs FSELX | |
| Federated Hermes International Strategic Value Div... | 0.41 | 0.50 | 0.63 | 88 | Foreign Large Cap Equities | FACNX vs IVFIX | |
| PIMCO RAE PLUS International Fund | 0.42 | 0.45 | 0.53 | 95 | Foreign Large Cap Equities | FACNX vs PTSIX | |
| Artisan International Fund | 0.44 | 0.59 | 0.68 | 60 | Foreign Large Cap Equities | FACNX vs ARTIX |
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