Looking to diversify beyond FCTFX? The mutual funds below have historically moved differently from FCTFX, 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 FCTFX
16 mutual funds have low correlation with FCTFX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of 0.01, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.01 | 0.17 | 0.22 | 91 | Municipal Bonds | FCTFX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.04 | 0.21 | 0.25 | 94 | Municipal Bonds | FCTFX vs DMREX | |
| Fidelity Select Semiconductors Portfolio | 0.09 | 0.05 | 0.07 | 80 | Semiconductors, Technology Equities | FCTFX vs FSELX | |
| Fidelity ZERO Large Cap Index Fund | 0.21 | 0.17 | 0.13 | 59 | Large Cap Blend Equities | FCTFX vs FNILX | |
| Fidelity 500 Index Fund | 0.21 | 0.16 | 0.13 | 64 | S&P 500 | FCTFX vs FXAIX |
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