Looking to diversify beyond FCAKX? The mutual funds below have the lowest correlation with FCAKX — 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 FCAKX.
Best Diversifiers for FCAKX
0 mutual funds have low correlation with FCAKX (below 0.3), 0 of which are negatively correlated. The least correlated is Davis New York Venture Fund Class Y (DNVYX) (Large Cap Growth Equities) with a 1Y correlation of 0.73, roughly unchanged from 0.82 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Davis New York Venture Fund Class Y | 0.73 | 0.79 | 0.82 | 81 | Large Cap Growth Equities | FCAKX vs DNVYX | |
| ICON Equity Fund | 0.77 | 0.73 | 0.79 | 75 | Large Cap Growth Equities | FCAKX vs IOLZX | |
| Fidelity Select Semiconductors Portfolio | 0.79 | 0.81 | 0.83 | 92 | Semiconductors, Technology Equities | FCAKX vs FSELX | |
| One Rock Fund | 0.80 | 0.83 | 0.86 | 89 | Large Cap Growth Equities | FCAKX vs ONERX | |
| Fidelity Total International Index Fund | 0.82 | 0.75 | 0.77 | 55 | Foreign Large Cap Equities | FCAKX vs FTIHX |
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