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 0.31, up from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thompson Bond Fund | 0.31 | 0.22 | 0.17 | 91 | Short-Term Bond | FCPGX vs THOPX | |
| Dodge & Cox International Stock Fund | 0.66 | 0.63 | 0.68 | 70 | Foreign Large Cap Equities, Large Cap Value Equities, Actively Managed | FCPGX vs DODFX | |
| Fidelity OTC Portfolio | 0.71 | 0.70 | 0.78 | 88 | Large Cap Growth Equities | FCPGX vs FOCPX | |
| Fidelity Select Semiconductors Portfolio | 0.71 | 0.69 | 0.74 | 92 | Semiconductors, Technology Equities | FCPGX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.73 | 0.74 | 0.82 | 61 | Large Cap Growth Equities | FCPGX vs FBGRX |
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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 Realty Income Corporation (O) (Real Estate) with a 1Y correlation of -0.00, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.00 | 0.15 | 0.28 | 72 | Real Estate | |
| Intel Corporation | 0.47 | 0.47 | 0.53 | 98 | Technology | |
| QUALCOMM Incorporated | 0.49 | 0.57 | 0.62 | 60 | Technology | |
| Tesla, Inc. | 0.49 | 0.49 | 0.53 | 66 | Consumer Cyclical | |
| Bloom Energy Corporation | 0.54 | 0.55 | 0.62 | 98 | Industrials |
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