Looking to diversify beyond FLCGX? The mutual funds below have historically moved differently from FLCGX, 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 FLCGX
0 mutual funds have low correlation with FLCGX (below 0.3), 0 of which are negatively correlated. The least correlated is Hotchkis & Wiley Mid-Cap Value Fund (HWMIX) (Mid Cap Value Equities) with a 1Y correlation of 0.39, down from 0.77 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hotchkis & Wiley Mid-Cap Value Fund | 0.39 | 0.62 | 0.77 | 86 | Mid Cap Value Equities | FLCGX vs HWMIX | |
| American Century Mid Cap Value R6 | 0.45 | 0.62 | 0.77 | 71 | Mid Cap Value Equities | FLCGX vs AMDVX | |
| American Century Mid Cap Value Fund | 0.45 | 0.62 | 0.77 | 70 | Mid Cap Value Equities | FLCGX vs ACMVX | |
| American Century Mid Cap Value Fund A Class | 0.45 | 0.62 | 0.77 | 68 | Mid Cap Value Equities | FLCGX vs ACLAX | |
| Ariel Focus Fund | 0.50 | 0.69 | 0.81 | 81 | Mid Cap Value Equities | FLCGX vs ARFFX |
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