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
98 mutual funds have low correlation with FCNTX (below 0.3), 7 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.22, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.22 | 0.02 | 0.12 | 79 | Commodities | FCNTX vs FIFGX | |
| Fidelity Select Energy Portfolio | -0.10 | 0.15 | 0.27 | 78 | Energy Equities | FCNTX vs FSENX | |
| Fidelity Series 0-5 Year Inflation-Protected Bond ... | -0.08 | 0.05 | — | 92 | Inflation-Protected Bonds | FCNTX vs FSTZX | |
| Fidelity Series Commodity Strategy Fund | -0.06 | 0.09 | 0.16 | 69 | Commodities | FCNTX vs FCSSX | |
| Fidelity Commodity Strategy Fund | -0.06 | 0.09 | 0.16 | 68 | Commodities | FCNTX vs FYHTX |
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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 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.22 | -0.03 | 0.12 | 85 | Energy | |
| Altria Group, Inc. | -0.21 | -0.08 | 0.04 | 67 | Consumer Defensive | |
| Chevron Corporation | -0.21 | -0.02 | 0.14 | 83 | Energy | |
| Duke Energy Corporation | -0.21 | -0.12 | 0.01 | 52 | Utilities | |
| ConocoPhillips Company | -0.21 | 0.01 | 0.14 | 76 | Energy |
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Build a portfolio that complements FCNTX
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Analyze a portfolio with FCNTX