Looking to diversify beyond FCNTX? The mutual funds below have historically moved differently from FCNTX, 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 FCNTX
64 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 -0.17, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.17 | 0.00 | 0.11 | 74 | Commodities | FCNTX vs FIFGX | |
| Fidelity Select Energy Portfolio | -0.14 | 0.11 | 0.25 | 88 | Energy Equities | FCNTX vs FSENX | |
| Voya Corporate Leaders Trust Fund | -0.13 | 0.15 | 0.37 | 94 | Large Cap Value Equities | FCNTX vs LEXCX | |
| Vanguard Commodity Strategy Fund Admiral Shares | -0.03 | 0.06 | 0.13 | 66 | Commodities | FCNTX vs VCMDX | |
| Fidelity Commodity Strategy Fund | -0.01 | 0.07 | 0.15 | 65 | Commodities | FCNTX vs FYHTX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FCNTX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.27, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.27 | -0.04 | 0.14 | 76 | Energy | |
| Occidental Petroleum Corporation | -0.27 | -0.03 | 0.13 | 68 | Energy | |
| Altria Group, Inc. | -0.27 | -0.12 | 0.02 | 64 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.25 | -0.05 | 0.12 | 85 | Energy | |
| Devon Energy Corporation | -0.25 | 0.00 | 0.18 | 76 | Energy |
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