Looking to diversify beyond FCMTX? The mutual funds below have historically moved differently from FCMTX, 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 FCMTX
17 mutual funds have low correlation with FCMTX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of 0.00, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.00 | 0.16 | 0.21 | 91 | Municipal Bonds | FCMTX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.02 | 0.19 | 0.23 | 94 | Municipal Bonds | FCMTX vs DMREX | |
| Fidelity Select Semiconductors Portfolio | 0.10 | 0.06 | 0.07 | 80 | Semiconductors, Technology Equities | FCMTX vs FSELX | |
| Fidelity 500 Index Fund | 0.22 | 0.17 | 0.12 | 64 | S&P 500 | FCMTX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.22 | 0.17 | 0.13 | 59 | Large Cap Blend Equities | FCMTX vs FNILX |
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