Looking to diversify beyond FICGX? The mutual funds below have historically moved differently from FICGX, 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 FICGX
2 mutual funds have low correlation with FICGX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware National High-Yield Municipal Bond Fund (CXHYX) (High Yield Muni) with a 1Y correlation of 0.22, up from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Delaware National High-Yield Municipal Bond Fund | 0.22 | 0.13 | 0.11 | 56 | High Yield Muni | FICGX vs CXHYX | |
| Delaware Tax Free USA Fund | 0.24 | 0.14 | 0.12 | 63 | Municipal Bonds | FICGX vs DMTFX | |
| Delaware Emerging Markets Fund | 0.48 | 0.49 | 0.53 | 92 | Emerging Markets Equities | FICGX vs DEMIX | |
| Provident Trust Strategy Fund | 0.56 | 0.71 | 0.80 | 51 | Large Cap Growth Equities | FICGX vs PROVX | |
| Delaware Small Cap Value Fund | 0.66 | 0.67 | 0.74 | 79 | Small Cap Value Equities | FICGX vs DEVLX |
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