Looking to diversify beyond FBCGX? The mutual funds below have the lowest correlation with FBCGX — 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 FBCGX.
Best Diversifiers for FBCGX
2 mutual funds have low correlation with FBCGX (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) (Inflation-Protected Bonds) with a 1Y correlation of -0.00, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | -0.00 | 0.05 | 0.11 | 84 | Inflation-Protected Bonds | FBCGX vs VTAPX | |
| Fidelity Floating Rate High Income Fund | 0.27 | 0.27 | 0.30 | 92 | Bank Loan | FBCGX vs FFRHX | |
| Franklin Income Fund Class A | 0.32 | 0.37 | 0.51 | 86 | Diversified Portfolio | FBCGX vs FKIQX | |
| DFA U.S. Small Cap Value Portfolio I | 0.40 | 0.47 | 0.55 | 61 | Small Cap Value Equities | FBCGX vs DFSVX | |
| Vanguard Equity Income Fund Investor Shares | 0.40 | 0.46 | 0.56 | 59 | Large Cap Value Equities | FBCGX vs VEIPX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FBCGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FBCGX and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.28, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.28 | -0.18 | -0.07 | 62 | Utilities | |
| Chubb Limited | -0.25 | -0.09 | 0.07 | 69 | Financial Services | |
| The Coca-Cola Company | -0.24 | -0.11 | 0.05 | 74 | Consumer Defensive | |
| The Southern Company | -0.24 | -0.17 | -0.03 | 55 | Utilities | |
| Verizon Communications Inc. | -0.24 | -0.12 | -0.02 | 66 | Communication Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FBCGX
Add FBCGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FBCGX