Looking to diversify beyond FCLKX? The mutual funds below have the lowest correlation with FCLKX — 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 FCLKX.
Best Diversifiers for FCLKX
1 mutual funds have low correlation with FCLKX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of 0.16, down from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.16 | 0.34 | 0.55 | 82 | Large Cap Value Equities | FCLKX vs SVAIX | |
| Buffalo Flexible Income Fund | 0.31 | 0.57 | 0.74 | 52 | Large Cap Value Equities | FCLKX vs BUFBX | |
| Hennessy Cornerstone Value Fund | 0.35 | 0.54 | 0.72 | 85 | Large Cap Value Equities | FCLKX vs HFCVX | |
| American Century Equity Income Fund Class I | 0.50 | 0.56 | 0.72 | 51 | Large Cap Value Equities | FCLKX vs ACIIX | |
| American Century Equity Income Fund | 0.50 | 0.56 | 0.72 | 50 | Large Cap Value Equities | FCLKX vs TWEIX |
See all 36 diversifiers for FCLKX
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