Looking to diversify beyond FCPIX? The mutual funds below have the lowest correlation with FCPIX — 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 FCPIX.
Best Diversifiers for FCPIX
0 mutual funds have low correlation with FCPIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.32, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.32 | 0.44 | 0.56 | 63 | Foreign Large Cap Equities | FCPIX vs IVFIX | |
| PIMCO RAE PLUS International Fund | 0.45 | 0.48 | 0.52 | 83 | Foreign Large Cap Equities | FCPIX vs PTSIX | |
| SA International Value Fund | 0.52 | 0.52 | 0.59 | 89 | Foreign Large Cap Equities | FCPIX vs SAHMX | |
| EuroPac International Dividend Income Fund | 0.58 | 0.54 | 0.58 | 76 | Foreign Large Cap Equities | FCPIX vs EPDIX | |
| EuroPac International Dividend Income Fund Class A | 0.58 | 0.54 | 0.58 | 75 | Foreign Large Cap Equities, Dividend | FCPIX vs EPDPX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FCPIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FCPIX and solid risk/return profiles. The least correlated is AbbVie Inc. (ABBV) (Healthcare) with a 1Y correlation of 0.01, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | 0.01 | 0.14 | 0.17 | 79 | Healthcare | |
| Berkshire Hathaway Inc. | 0.03 | 0.24 | 0.39 | 53 | Financial Services | |
| NVIDIA Corporation | 0.45 | 0.50 | 0.59 | 65 | Technology | |
| Broadcom Inc. | 0.47 | 0.50 | 0.54 | 71 | Technology | |
| Amazon.com, Inc | 0.47 | 0.50 | 0.56 | 54 | Consumer Cyclical |
Build a portfolio that complements FCPIX
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Analyze a portfolio with FCPIX