Looking to diversify beyond FICDX? The mutual funds below have historically moved differently from FICDX, 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 FICDX
2 mutual funds have low correlation with FICDX (below 0.3), 0 of which are negatively correlated. The least correlated is Pear Tree Polaris Foreign Value Fund (QFVOX) (Foreign Large Cap Equities) with a 1Y correlation of 0.27, down from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pear Tree Polaris Foreign Value Fund | 0.27 | 0.44 | 0.56 | 88 | Foreign Large Cap Equities | FICDX vs QFVOX | |
| Fidelity Select Semiconductors Portfolio | 0.29 | 0.40 | 0.49 | 80 | Semiconductors, Technology Equities | FICDX vs FSELX | |
| Federated Hermes International Strategic Value Div... | 0.41 | 0.49 | 0.63 | 88 | Foreign Large Cap Equities | FICDX vs IVFIX | |
| PIMCO RAE PLUS International Fund | 0.43 | 0.45 | 0.53 | 95 | Foreign Large Cap Equities | FICDX vs PTSIX | |
| Artisan International Fund | 0.45 | 0.59 | 0.68 | 60 | Foreign Large Cap Equities | FICDX vs ARTIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FICDX, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.03, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.03 | 0.12 | 0.24 | 90 | Consumer Defensive | |
| Monster Beverage Corporation | 0.04 | 0.19 | 0.29 | 94 | Consumer Defensive | |
| Mitsubishi Corp | 0.06 | 0.22 | 0.22 | 84 | Industrials | |
| Occidental Petroleum Corporation | 0.06 | 0.25 | 0.40 | 70 | Energy | |
| Nebius Group N.V. | 0.16 | — | — | 92 | Communication Services |
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