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
3 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 -0.12, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.12 | 0.11 | 0.24 | 79 | Energy Equities | FBCGX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.07 | 0.04 | 0.11 | 94 | Inflation-Protected Bonds | FBCGX vs VTAPX | |
| Fidelity Floating Rate High Income Fund | 0.23 | 0.24 | 0.28 | 92 | High Yield Bonds | FBCGX vs FFRHX | |
| Vanguard Wellesley Income Fund Investor Shares | 0.34 | 0.38 | 0.43 | 57 | Diversified Portfolio | FBCGX vs VWINX | |
| Vanguard Wellesley Income Fund Admiral Shares | 0.37 | 0.41 | 0.48 | 58 | Diversified Portfolio | FBCGX vs VWIAX |
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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 | 53 | Utilities | |
| Verizon Communications Inc. | -0.23 | -0.11 | -0.02 | 59 | Communication Services | |
| Altria Group, Inc. | -0.23 | -0.11 | -0.00 | 69 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.22 | -0.06 | 0.08 | 85 | Energy | |
| Chubb Limited | -0.21 | -0.07 | 0.08 | 51 | Financial Services |
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