Looking to diversify beyond FBCKX? The mutual funds below have historically moved differently from FBCKX, 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 FBCKX
10 mutual funds have low correlation with FBCKX (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.02 | — | — | 66 | Diversified Portfolio | FBCKX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.14 | — | — | 89 | Diversified Portfolio | FBCKX vs FCSRX | |
| Fidelity Strategic Real Return Fund | 0.15 | — | — | 95 | Diversified Portfolio | FBCKX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.16 | — | — | 91 | Diversified Portfolio | FBCKX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.16 | — | — | 91 | Diversified Portfolio | FBCKX vs FIQDX |
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