Looking to diversify beyond FCSDX? The mutual funds below have historically moved differently from FCSDX, 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 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 -0.00, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.00 | 0.14 | 0.47 | 66 | Diversified Portfolio | FCSDX vs MHELX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.37 | 0.38 | 0.41 | 99 | Diversified Portfolio | FCSDX vs STDAX | |
| Standpoint Multi-Asset Fund Institutional | 0.44 | 0.54 | 0.54 | 84 | Diversified Portfolio | FCSDX vs BLNDX | |
| Fidelity Select Semiconductors Portfolio | 0.46 | 0.48 | 0.56 | 80 | Semiconductors, Technology Equities | FCSDX vs FSELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.50 | 0.64 | 0.67 | 89 | Diversified Portfolio | FCSDX vs FCSRX |
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