Looking to diversify beyond FBCGX? The mutual funds below have historically moved differently from FBCGX, 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 FBCGX
5 mutual funds have low correlation with FBCGX (below 0.3), 2 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.11, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.11 | 0.09 | 0.23 | 87 | Energy Equities | FBCGX vs FSENX | |
| Kayne Anderson Energy Infrastructure Fund | -0.08 | 0.19 | 0.33 | 57 | Infrastructure Equities, Energy Equities | FBCGX vs KYN | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.04 | 0.04 | 0.11 | 91 | Inflation-Protected Bonds | FBCGX vs VTAPX | |
| Fidelity Floating Rate High Income Fund | 0.26 | 0.26 | 0.30 | 93 | Bank Loan | FBCGX vs FFRHX | |
| Franklin Income Fund Class A | 0.29 | 0.34 | 0.50 | 93 | Diversified Portfolio | FBCGX vs FKIQX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FBCGX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.39, down from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.39 | -0.24 | -0.08 | 52 | Utilities | |
| Chubb Limited | -0.37 | -0.14 | 0.07 | 87 | Financial Services | |
| Altria Group, Inc. | -0.33 | -0.16 | -0.04 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.32 | -0.15 | 0.04 | 87 | Consumer Defensive | |
| Verizon Communications Inc. | -0.31 | -0.17 | -0.03 | 66 | Communication Services |
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