Looking to diversify beyond FCSPX? The mutual funds below have the lowest correlation with FCSPX — 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 FCSPX.
Best Diversifiers for FCSPX
2 mutual funds have low correlation with FCSPX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of 0.14, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.14 | 0.28 | 0.19 | 78 | Large Cap Value Equities | FCSPX vs SVAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.29 | 0.22 | 0.17 | 63 | Large Cap Blend Equities | FCSPX vs FNILX | |
| Vanguard Short-Term Corporate Bond Index Fund Inst... | 0.32 | 0.66 | 0.75 | 81 | Corporate Bonds | FCSPX vs VSTBX | |
| Miller Intermediate Bond Fund | 0.33 | 0.27 | 0.22 | 91 | Corporate Bonds | FCSPX vs MIFIX | |
| Vanguard Short-Term Corporate Bond Index Fund Admi... | 0.33 | 0.66 | 0.75 | 78 | Corporate Bonds | FCSPX vs VSCSX |
See all 8 diversifiers for FCSPX
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