Looking to diversify beyond FCVAX? The mutual funds below have historically moved differently from FCVAX, 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 FCVAX
0 mutual funds have low correlation with FCVAX (below 0.3), 0 of which are negatively correlated. The least correlated is Aegis Value Fund Class I (AVALX) (Small Cap Value Equities) with a 1Y correlation of 0.41, down from 0.57 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Aegis Value Fund Class I | 0.41 | 0.50 | 0.57 | 95 | Small Cap Value Equities | FCVAX vs AVALX | |
| Fidelity Select Semiconductors Portfolio | 0.52 | 0.50 | 0.59 | 82 | Semiconductors, Technology Equities | FCVAX vs FSELX | |
| Palm Valley Capital Fund Investor Class | 0.58 | 0.62 | 0.62 | 75 | Small Cap Value Equities | FCVAX vs PVCMX | |
| Fidelity International Index Fund | 0.65 | 0.64 | 0.70 | 64 | Foreign Large Cap Equities | FCVAX vs FSPSX | |
| Fidelity Total International Index Fund | 0.66 | 0.67 | 0.71 | 71 | Foreign Large Cap Equities | FCVAX vs FTIHX |
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