Looking to diversify beyond FCFMX? The mutual funds below have historically moved differently from FCFMX, 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 FCFMX
0 mutual funds have low correlation with FCFMX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.36, up from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.36 | 0.17 | 0.14 | 97 | Large Cap Blend Equities | FCFMX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.54 | 0.36 | 0.42 | 59 | Preferred Stock | FCFMX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.61 | 0.73 | 0.82 | 89 | Large Cap Blend Equities | FCFMX vs RCKSX | |
| Muhlenkamp Fund | 0.64 | 0.73 | 0.76 | 59 | Large Cap Blend Equities | FCFMX vs MUHLX | |
| Fidelity SAI U.S. Low Volatility Index Fund | 0.65 | 0.78 | 0.84 | 61 | Low Volatility | FCFMX vs FSUVX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FCFMX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Wells Fargo & Company (WFC) (Financial Services) with a 1Y correlation of 0.40, down from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Wells Fargo & Company | 0.40 | 0.46 | 0.53 | 54 | Financial Services |
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