Looking to diversify beyond FCBYX? The mutual funds below have historically moved differently from FCBYX, 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 FCBYX
4 mutual funds have low correlation with FCBYX (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of 0.14, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.14 | 0.23 | 0.24 | 99 | Multisector Bonds | FCBYX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.25 | 0.27 | 0.26 | 99 | Multisector Bonds | FCBYX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.28 | 0.25 | 0.25 | 96 | Multisector Bonds | FCBYX vs CBLDX | |
| Nuveen Real Estate Securities Fund | 0.29 | 0.37 | 0.33 | 72 | REIT | FCBYX vs FARCX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.39 | 0.26 | 0.27 | 58 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | FCBYX vs QQQX |
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