Looking to diversify beyond FCTDX? The mutual funds below have historically moved differently from FCTDX, 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 FCTDX
3 mutual funds have low correlation with FCTDX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.17, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.17 | 0.01 | 0.15 | 79 | Commodities | FCTDX vs FIFGX | |
| Fidelity Advisor California Municipal Income Fund ... | 0.23 | 0.18 | 0.13 | 59 | Municipal Bonds | FCTDX vs FCMTX | |
| Fidelity SAI Municipal Income Fund | 0.23 | 0.16 | 0.13 | 68 | Municipal Bonds | FCTDX vs FSMNX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.31 | 0.19 | 0.15 | 97 | Large Cap Blend Equities | FCTDX vs SVPFX | |
| Rock Oak Core Growth Fund | 0.46 | 0.64 | 0.77 | 89 | Large Cap Blend Equities | FCTDX vs RCKSX |
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