Looking to diversify beyond FCPGX? The mutual funds below have the lowest correlation with FCPGX — 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 FCPGX.
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 0.32, up from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thompson Bond Fund | 0.32 | 0.22 | 0.17 | 91 | Short-Term Bond | FCPGX vs THOPX | |
| Dodge & Cox International Stock Fund | 0.66 | 0.63 | 0.68 | 65 | Foreign Large Cap Equities, Large Cap Value Equities, Actively Managed | FCPGX vs DODFX | |
| Fidelity Select Semiconductors Portfolio | 0.70 | 0.69 | 0.74 | 96 | Semiconductors, Technology Equities | FCPGX vs FSELX | |
| Vanguard Total International Stock Index Fund Admi... | 0.74 | 0.71 | 0.74 | 64 | Foreign Large Cap Equities | FCPGX vs VTIAX | |
| Fidelity Total International Index Fund | 0.74 | 0.70 | 0.73 | 62 | Foreign Large Cap Equities | FCPGX vs FTIHX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FCPGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FCPGX and solid risk/return profiles. The least correlated is Intel Corporation (INTC) (Technology) with a 1Y correlation of 0.45, roughly unchanged from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Intel Corporation | 0.45 | 0.46 | 0.52 | 99 | Technology | |
| Tesla, Inc. | 0.47 | 0.48 | 0.53 | 59 | Consumer Cyclical | |
| QUALCOMM Incorporated | 0.51 | 0.57 | 0.62 | 71 | Technology | |
| Bloom Energy Corporation | 0.54 | 0.55 | 0.62 | 99 | Industrials |
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