Looking to diversify beyond FCPGX? The mutual funds below have historically moved differently from FCPGX, 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 FCPGX
0 mutual funds have low correlation with FCPGX (below 0.3), 0 of which are negatively correlated. The least correlated is Thompson Bond Fund (THOPX) (Short-Term Bond) with a 1Y correlation of 0.33, up from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thompson Bond Fund | 0.33 | 0.21 | 0.17 | 89 | Short-Term Bond | FCPGX vs THOPX | |
| Dodge & Cox International Stock Fund | 0.67 | 0.64 | 0.68 | 82 | Foreign Large Cap Equities, Large Cap Value Equities, Actively Managed | FCPGX vs DODFX | |
| Fidelity International Index Fund | 0.70 | 0.66 | 0.70 | 64 | Foreign Large Cap Equities | FCPGX vs FSPSX | |
| Fidelity Low-Priced Stock Fund Class K | 0.72 | 0.80 | 0.82 | 75 | Mid Cap Value Equities | FCPGX vs FLPKX | |
| Fidelity Select Semiconductors Portfolio | 0.73 | 0.69 | 0.74 | 80 | Semiconductors, Technology Equities | FCPGX vs FSELX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FCPGX, 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 Realty Income Corporation (O) (Real Estate) with a 1Y correlation of -0.03, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.03 | 0.14 | 0.27 | 74 | Real Estate | |
| Intel Corporation | 0.51 | 0.48 | 0.53 | 98 | Technology | |
| Bloom Energy Corporation | 0.59 | 0.56 | 0.63 | 97 | Industrials |
Build a portfolio that complements FCPGX
Add FCPGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FCPGX