Looking to diversify beyond FCADX? The mutual funds below have historically moved differently from FCADX, 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 FCADX
0 mutual funds have low correlation with FCADX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.34, down from 0.61 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.34 | 0.48 | 0.61 | 88 | Foreign Large Cap Equities | FCADX vs IVFIX | |
| Pear Tree Polaris Foreign Value Fund | 0.46 | 0.57 | 0.66 | 88 | Foreign Large Cap Equities | FCADX vs QFVOX | |
| PIMCO RAE PLUS International Fund | 0.50 | 0.55 | 0.60 | 95 | Foreign Large Cap Equities | FCADX vs PTSIX | |
| Tweedy, Browne International Value Fund | 0.55 | 0.67 | 0.75 | 80 | Foreign Large Cap Equities | FCADX vs TBGVX | |
| Kopernik International Fund | 0.57 | 0.45 | 0.58 | 66 | Foreign Large Cap Equities | FCADX vs KGIIX |
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