Looking to diversify beyond FCPVX? The mutual funds below have historically moved differently from FCPVX, 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 FCPVX
1 mutual funds have low correlation with FCPVX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX) (Short-Term Bond) with a 1Y correlation of 0.27, up from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Bond Index Fund Admiral Shares | 0.27 | 0.15 | 0.12 | 57 | Short-Term Bond, Investment Grade Bonds | FCPVX vs VBIRX | |
| Aegis Value Fund Class I | 0.41 | 0.49 | 0.56 | 94 | Small Cap Value Equities | FCPVX vs AVALX | |
| Fidelity OTC Portfolio | 0.50 | 0.51 | 0.62 | 76 | Large Cap Growth Equities | FCPVX vs FOCPX | |
| Fidelity Select Semiconductors Portfolio | 0.52 | 0.50 | 0.59 | 80 | Semiconductors, Technology Equities | FCPVX vs FSELX | |
| Fidelity Emerging Markets Discovery Fund | 0.53 | 0.52 | 0.57 | 86 | Emerging Markets Equities | FCPVX vs FEDDX |
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