Looking to diversify beyond FCSDX? The mutual funds below have the lowest correlation with FCSDX — 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 FCSDX.
Best Diversifiers for FCSDX
1 mutual funds have low correlation with FCSDX (below 0.3), 1 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of -0.01, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.02 | 0.19 | 0.49 | 64 | Diversified Portfolio | FCSDX vs MHELX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.42 | 0.39 | 0.42 | 99 | Diversified Portfolio | FCSDX vs STDAX | |
| Standpoint Multi-Asset Fund Institutional | 0.47 | 0.54 | 0.55 | 75 | Diversified Portfolio | FCSDX vs BLNDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.49 | 0.66 | 0.68 | 96 | Diversified Portfolio | FCSDX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.49 | 0.66 | 0.68 | 95 | Diversified Portfolio | FCSDX vs FCSRX |
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