Looking to diversify beyond FBCKX? The mutual funds below have the lowest correlation with FBCKX — 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 FBCKX.
Best Diversifiers for FBCKX
6 mutual funds have low correlation with FBCKX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.07, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.10 | 0.10 | 63 | Diversified Portfolio | FBCKX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.08 | 0.22 | 0.22 | 96 | Diversified Portfolio | FBCKX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.09 | — | — | 95 | Diversified Portfolio | FBCKX vs FCSRX | |
| Fidelity Strategic Real Return Fund | 0.10 | 0.22 | 0.22 | 96 | Diversified Portfolio | FBCKX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.11 | 0.23 | 0.23 | 96 | Diversified Portfolio | FBCKX vs FIQDX |
See all 26 diversifiers for FBCKX
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Diversification Analysis
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