Looking to diversify beyond FCVSX? The mutual funds below have historically moved differently from FCVSX, 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 FCVSX
6 mutual funds have low correlation with FCVSX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century High-Yield Municipal Fund (ABHYX) (High Yield Muni) with a 1Y correlation of 0.18, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century High-Yield Municipal Fund | 0.18 | 0.14 | 0.13 | 74 | High Yield Muni | FCVSX vs ABHYX | |
| Fidelity Real Estate Income Fund | 0.19 | 0.35 | 0.51 | 74 | REIT | FCVSX vs FRIFX | |
| Invesco AMT-Free Municipal Fund | 0.21 | 0.16 | 0.14 | 56 | Municipal Bonds | FCVSX vs OPTAX | |
| Fidelity Floating Rate High Income Fund | 0.21 | 0.27 | 0.35 | 94 | Bank Loan | FCVSX vs FFRHX | |
| Fidelity Select Pharmaceuticals Portfolio | 0.24 | 0.38 | 0.45 | 89 | Health & Biotech Equities | FCVSX vs FPHAX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FCVSX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. Class A (BRK-A) (Financial Services) with a 1Y correlation of -0.16, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. Class A | -0.16 | 0.15 | 0.32 | 67 | Financial Services | |
| Realty Income Corporation | -0.10 | 0.08 | 0.23 | 69 | Real Estate | |
| Prudential Financial, Inc. | 0.15 | 0.35 | 0.47 | 73 | Financial Services | |
| Southwest Airlines Co. | 0.39 | 0.40 | 0.49 | 80 | Industrials | |
| American Airlines Group Inc. | 0.43 | 0.45 | 0.53 | 70 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FCVSX
Add FCVSX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FCVSX