Looking to diversify beyond FDCAX? The mutual funds below have the lowest correlation with FDCAX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FDCAX.
Best Diversifiers for FDCAX
0 mutual funds have low correlation with FDCAX (below 0.3), 0 of which are negatively correlated. The least correlated is Baron Partners Fund (BPTRX) (Large Cap Growth Equities) with a 1Y correlation of 0.52, down from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baron Partners Fund | 0.52 | 0.61 | 0.69 | 52 | Large Cap Growth Equities | FDCAX vs BPTRX | |
| Adams Diversified Equity Fund, Inc. | 0.73 | 0.80 | 0.87 | 61 | Large Cap Blend Equities | FDCAX vs ADX | |
| Vanguard Dividend Appreciation Index Fund Admiral ... | 0.74 | 0.77 | 0.83 | 52 | Dividend, Large Cap Blend Equities | FDCAX vs VDADX | |
| Davis New York Venture Fund Class Y | 0.74 | 0.80 | 0.82 | 80 | Large Cap Growth Equities | FDCAX vs DNVYX | |
| ICON Equity Fund | 0.75 | 0.72 | 0.79 | 85 | Large Cap Growth Equities | FDCAX vs IOLZX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FDCAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FDCAX and solid risk/return profiles. The least correlated is Meta Financial Group, Inc. (CASH) (Financial Services) with a 1Y correlation of 0.37, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Meta Financial Group, Inc. | 0.37 | 0.41 | 0.50 | 53 | Financial Services | |
| NVIDIA Corporation | 0.63 | 0.67 | 0.73 | 72 | Technology |
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