Looking to diversify beyond FLACX? The mutual funds below have the lowest correlation with FLACX — 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 FLACX.
Best Diversifiers for FLACX
0 mutual funds have low correlation with FLACX (below 0.3), 0 of which are negatively correlated. The least correlated is Emerald Insights Fund (EFCNX) (Large Cap Growth Equities) with a 1Y correlation of 0.34, down from 0.86 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Emerald Insights Fund | 0.34 | 0.77 | 0.86 | 99 | Large Cap Growth Equities | FLACX vs EFCNX | |
| ICON Equity Fund | 0.73 | 0.74 | 0.82 | 76 | Large Cap Growth Equities | FLACX vs IOLZX | |
| One Rock Fund | 0.78 | 0.80 | 0.83 | 88 | Large Cap Growth Equities | FLACX vs ONERX | |
| Fidelity Select Semiconductors Portfolio | 0.79 | 0.76 | 0.79 | 97 | Semiconductors, Technology Equities | FLACX vs FSELX | |
| Fidelity Total International Index Fund | 0.79 | 0.75 | 0.77 | 58 | Foreign Large Cap Equities | FLACX vs FTIHX |
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