Looking to diversify beyond FCQTX? The mutual funds below have the lowest correlation with FCQTX — 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 FCQTX.
Best Diversifiers for FCQTX
0 mutual funds have low correlation with FCQTX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds The Income Fund of America Class A (AMECX) (Diversified Portfolio) with a 1Y correlation of 0.67, down from 0.83 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds The Income Fund of America Class A | 0.67 | 0.78 | 0.83 | 60 | Diversified Portfolio, Dividend | FCQTX vs AMECX | |
| Dimensional Retirement Income Fund | 0.77 | 0.76 | 0.74 | 81 | Target Retirement Date | FCQTX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.77 | 0.72 | 0.74 | 68 | Target Retirement Date | FCQTX vs FRQAX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.78 | 0.71 | 0.66 | 58 | Target Retirement Date | FCQTX vs DRIQX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.78 | 0.72 | 0.73 | 71 | Target Retirement Date | FCQTX vs FRQIX |
See all 544 diversifiers for FCQTX
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