Looking to diversify beyond FLCPX? The mutual funds below have the lowest correlation with FLCPX — 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 FLCPX.
Best Diversifiers for FLCPX
3 mutual funds have low correlation with FLCPX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Tax-Exempt Fund Admiral Shares (VWSUX) (Municipal Bonds) with a 1Y correlation of 0.15, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Tax-Exempt Fund Admiral Shares | 0.15 | 0.17 | 0.10 | 97 | Municipal Bonds | FLCPX vs VWSUX | |
| Vanguard California Intermediate-Term Tax-Exempt F... | 0.20 | 0.15 | 0.12 | 69 | Municipal Bonds | FLCPX vs VCADX | |
| Fidelity SAI Municipal Income Fund | 0.20 | 0.14 | 0.12 | 68 | Municipal Bonds | FLCPX vs FSMNX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.33 | 0.14 | 0.12 | 70 | Large Cap Blend Equities | FLCPX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.53 | 0.36 | 0.43 | 68 | Large Cap Blend Equities | FLCPX vs ORDNX |
See all 241 diversifiers for FLCPX
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