Looking to diversify beyond FCPIX? The mutual funds below have historically moved differently from FCPIX, 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 FCPIX
2 mutual funds have low correlation with FCPIX (below 0.3), 1 of which are negatively correlated. The least correlated is MainGate MLP Fund (IMLPX) (Energy Equities) with a 1Y correlation of -0.12, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MainGate MLP Fund | -0.12 | 0.21 | 0.31 | 73 | Energy Equities | FCPIX vs IMLPX | |
| Federated Hermes International Strategic Value Div... | 0.26 | 0.41 | 0.54 | 88 | Foreign Large Cap Equities | FCPIX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.31 | 0.64 | 0.70 | 61 | Foreign Large Cap Equities | FCPIX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.31 | 0.64 | 0.70 | 61 | Foreign Large Cap Equities | FCPIX vs GSIMX | |
| GQG Partners International Quality Dividend Income... | 0.35 | 0.58 | 0.61 | 71 | Quality Factor, Foreign Large Cap Equities | FCPIX vs GQJPX |
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 FCPIX, 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 AbbVie Inc. (ABBV) (Healthcare) with a 1Y correlation of -0.05, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | -0.05 | 0.11 | 0.15 | 81 | Healthcare | |
| Berkshire Hathaway Inc. | -0.04 | 0.23 | 0.38 | 61 | Financial Services | |
| Amazon.com, Inc | 0.50 | 0.49 | 0.56 | 60 | Consumer Cyclical | |
| NVIDIA Corporation | 0.50 | 0.51 | 0.60 | 56 | Technology | |
| Broadcom Inc. | 0.55 | 0.56 | 0.60 | 67 | Technology |
Build a portfolio that complements FCPIX
Add FCPIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FCPIX