Looking to diversify beyond FCENX? The mutual funds below have historically moved differently from FCENX, 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 FCENX
0 mutual funds have low correlation with FCENX (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 0.53, down from 0.70 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... | 0.53 | 0.59 | 0.70 | 88 | Foreign Large Cap Equities | FCENX vs IVFIX | |
| Franklin Income Fund Advisor Class | 0.54 | 0.54 | 0.64 | 93 | Diversified Portfolio | FCENX vs FRIAX | |
| Kopernik International Fund | 0.56 | 0.46 | 0.58 | 66 | Foreign Large Cap Equities | FCENX vs KGIIX | |
| Franklin Income Fund Class A1 | 0.56 | 0.57 | 0.65 | 87 | Diversified Portfolio | FCENX vs FKINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.57 | 0.75 | 0.80 | 61 | Foreign Large Cap Equities | FCENX vs GSINX |
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