Looking to diversify beyond FCSRX? The mutual funds below have historically moved differently from FCSRX, 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 FCSRX
42 mutual funds have low correlation with FCSRX (below 0.3), 0 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 0.37 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 | 0.01 | 0.13 | 0.37 | 66 | Diversified Portfolio | FCSRX vs MHELX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.09 | 0.25 | 0.34 | 99 | Diversified Portfolio | FCSRX vs STDAX | |
| Federated Hermes Capital Income Fund | 0.13 | 0.41 | 0.55 | 72 | Diversified Portfolio | FCSRX vs CAPAX | |
| Fidelity Select Semiconductors Portfolio | 0.20 | 0.30 | 0.37 | 80 | Semiconductors, Technology Equities | FCSRX vs FSELX | |
| Virtus Diversified Income & Convertible Fund | 0.21 | 0.34 | 0.41 | 64 | Diversified Portfolio, Convertible Bonds | FCSRX vs ACV |
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