Looking to diversify beyond FCMTX? The mutual funds below have the lowest correlation with FCMTX — 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 FCMTX.
Best Diversifiers for FCMTX
18 mutual funds have low correlation with FCMTX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.02, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.02 | 0.17 | 0.21 | 95 | Municipal Bonds | FCMTX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.02 | 0.20 | 0.22 | 94 | Municipal Bonds | FCMTX vs DMREX | |
| Fidelity Select Semiconductors Portfolio | 0.08 | 0.06 | 0.06 | 96 | Semiconductors, Technology Equities | FCMTX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.14 | 0.11 | 0.09 | 73 | Large Cap Growth Equities | FCMTX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.18 | 0.17 | 0.12 | 63 | Large Cap Blend Equities | FCMTX vs FNILX |
See all 28 diversifiers for FCMTX
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