Looking to diversify beyond FLCPX? The mutual funds below have historically moved differently from FLCPX, 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 FLCPX
4 mutual funds have low correlation with FLCPX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.18, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.18 | 0.00 | 0.13 | 78 | Commodities | FLCPX vs FIFGX | |
| Vanguard Ultra-Short-Term Tax-Exempt Fund Admiral ... | 0.18 | 0.17 | 0.11 | 96 | Municipal Bonds | FLCPX vs VWSUX | |
| Vanguard California Intermediate-Term Tax-Exempt F... | 0.21 | 0.15 | 0.13 | 58 | Municipal Bonds | FLCPX vs VCADX | |
| Fidelity SAI Municipal Income Fund | 0.22 | 0.14 | 0.12 | 58 | Municipal Bonds | FLCPX vs FSMNX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.34 | 0.14 | 0.13 | 96 | Large Cap Blend Equities | FLCPX vs SVPFX |
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