Looking to diversify beyond FCNTX? The mutual funds below have the lowest correlation with FCNTX — 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 FCNTX.
Best Diversifiers for FCNTX
92 mutual funds have low correlation with FCNTX (below 0.3), 3 of which are negatively correlated. The least correlated is Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (FSTZX) (Inflation-Protected Bonds) with a 1Y correlation of -0.02, roughly unchanged from 0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Series 0-5 Year Inflation-Protected Bond ... | -0.02 | 0.05 | — | 80 | Inflation-Protected Bonds | FCNTX vs FSTZX | |
| Fidelity Series Treasury Bill Index Fund | -0.02 | -0.02 | -0.01 | 100 | Ultrashort Bond | FCNTX vs FHQFX | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.00 | 0.05 | 0.12 | 84 | Inflation-Protected Bonds | FCNTX vs VTAPX | |
| Vanguard Market Neutral Fund Investor Shares | 0.03 | 0.05 | -0.00 | 88 | Long-Short | FCNTX vs VMNFX | |
| Fidelity Sustainable Low Duration Bond | 0.04 | -0.02 | — | 99 | Ultrashort Bond | FCNTX vs FAPGX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FCNTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FCNTX and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.22, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.22 | -0.04 | 0.14 | 72 | Energy | |
| Chevron Corporation | -0.22 | -0.03 | 0.13 | 70 | Energy | |
| ConocoPhillips Company | -0.21 | 0.00 | 0.13 | 65 | Energy | |
| Altria Group, Inc. | -0.20 | -0.09 | 0.04 | 72 | Consumer Defensive | |
| Duke Energy Corporation | -0.19 | -0.11 | 0.01 | 62 | Utilities |
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