Looking to diversify beyond FCGSX? The mutual funds below have historically moved differently from FCGSX, 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 FCGSX
0 mutual funds have low correlation with FCGSX (below 0.3), 0 of which are negatively correlated. The least correlated is Provident Trust Strategy Fund (PROVX) (Large Cap Growth Equities) with a 1Y correlation of 0.43, down from 0.73 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Provident Trust Strategy Fund | 0.43 | 0.59 | 0.73 | 51 | Large Cap Growth Equities | FCGSX vs PROVX | |
| Davis New York Venture Fund Class Y | 0.59 | 0.67 | 0.74 | 91 | Large Cap Growth Equities | FCGSX vs DNVYX | |
| ICON Equity Fund | 0.65 | 0.59 | 0.70 | 79 | Large Cap Growth Equities | FCGSX vs IOLZX | |
| Fidelity International Index Fund | 0.67 | 0.60 | 0.66 | 64 | Foreign Large Cap Equities | FCGSX vs FSPSX | |
| Fidelity ZERO Extended Market Index Fund | 0.68 | 0.67 | 0.76 | 72 | Mid Cap Blend Equities | FCGSX vs FZIPX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FCGSX, 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 Cmb.Tech NV (CMBT) (Energy) with a 1Y correlation of 0.16, roughly unchanged from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cmb.Tech NV | 0.16 | 0.14 | 0.17 | 91 | Energy | |
| TFS Financial Corporation | 0.18 | 0.25 | 0.34 | 94 | Financial Services |
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