Looking to diversify beyond FLCNX? The mutual funds below have the lowest correlation with FLCNX — 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 FLCNX.
Best Diversifiers for FLCNX
6 mutual funds have low correlation with FLCNX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.12, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.12 | 0.13 | 0.27 | 76 | Energy Equities | FLCNX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.02 | 0.06 | 0.12 | 88 | Inflation-Protected Bonds | FLCNX vs VTAPX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.17 | 0.34 | 0.45 | 87 | Diversified Portfolio | FLCNX vs FSRKX | |
| Edgar Lomax Value Fund | 0.17 | 0.34 | 0.52 | 89 | Large Cap Value Equities | FLCNX vs LOMAX | |
| Allspring Short-Term Bond Plus Fund | 0.24 | 0.13 | 0.13 | 89 | Short-Term Bond | FLCNX vs SSHIX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLCNX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLCNX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.28, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.28 | -0.12 | 0.03 | 77 | Consumer Defensive | |
| Waste Management, Inc. | -0.27 | -0.00 | 0.19 | 51 | Industrials | |
| Chevron Corporation | -0.26 | -0.03 | 0.15 | 73 | Energy | |
| Verizon Communications Inc. | -0.25 | -0.11 | 0.04 | 59 | Communication Services | |
| Duke Energy Corporation | -0.25 | -0.14 | 0.00 | 63 | Utilities |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FLCNX
Add FLCNX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FLCNX