Looking to diversify beyond FCOQX? The mutual funds below have the lowest correlation with FCOQX — 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 FCOQX.
Best Diversifiers for FCOQX
9 mutual funds have low correlation with FCOQX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.18, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.18 | 0.28 | 0.36 | 99 | Municipal Bonds | FCOQX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.18 | 0.31 | 0.39 | 99 | Municipal Bonds | FCOQX vs USMSX | |
| DFA NY Municipal Bond Portfolio | 0.19 | 0.33 | 0.42 | 99 | Municipal Bonds | FCOQX vs DNYMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.20 | 0.29 | — | 100 | Municipal Bonds | FCOQX vs DFABX | |
| Franklin Global Allocation Fund Class C | 0.22 | 0.24 | 0.19 | 57 | Global Allocation | FCOQX vs FFACX |
See all 18 diversifiers for FCOQX
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