Looking to diversify beyond FLCOX? The mutual funds below have historically moved differently from FLCOX, 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 FLCOX
12 mutual funds have low correlation with FLCOX (below 0.3), 2 of which are negatively correlated. The least correlated is AQR Style Premia Alternative Fund Class N (QSPNX) (Multistrategy) with a 1Y correlation of -0.14, roughly unchanged from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative Fund Class N | -0.14 | -0.08 | -0.08 | 89 | Multistrategy | FLCOX vs QSPNX | |
| Victory Pioneer Cat Bond Fund Class Y | -0.03 | — | — | 100 | Nontraditional Bonds | FLCOX vs CBYYX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.08 | 0.11 | 0.16 | 91 | Inflation-Protected Bonds | FLCOX vs VTAPX | |
| Fidelity Select Energy Portfolio | 0.10 | 0.37 | 0.48 | 87 | Energy Equities | FLCOX vs FSENX | |
| GQG Partners US Quality Dividend Income Fund | 0.19 | 0.55 | 0.68 | 62 | Quality Factor, Large Cap Value Equities | FLCOX vs GQHPX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FLCOX, 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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.04, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.04 | 0.22 | 0.34 | 70 | Energy | |
| Altria Group, Inc. | -0.02 | 0.22 | 0.32 | 66 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.02 | 0.26 | 0.38 | 84 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | -0.01 | 0.17 | 0.22 | 85 | Energy | |
| Chevron Corporation | -0.01 | 0.28 | 0.40 | 80 | Energy |
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