Looking to diversify beyond FLCSX? The mutual funds below have the lowest correlation with FLCSX — 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 FLCSX.
Best Diversifiers for FLCSX
5 mutual funds have low correlation with FLCSX (below 0.3), 0 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of 0.07, down from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.07 | 0.38 | 0.59 | 53 | Large Cap Value Equities | FLCSX vs LEXCX | |
| Fidelity Short-Term Bond Fund | 0.14 | 0.04 | 0.02 | 62 | Total Bond Market | FLCSX vs FSHBX | |
| Federated Hermes Strategic Value Dividend Fund | 0.19 | 0.37 | 0.57 | 70 | Large Cap Value Equities | FLCSX vs SVAIX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.26 | 0.60 | 0.76 | 56 | Large Cap Blend Equities | FLCSX vs QKACX | |
| T. Rowe Price Floating Rate Fund | 0.27 | 0.28 | 0.29 | 96 | High Yield Bonds | FLCSX vs PRFRX |
See all 149 diversifiers for FLCSX
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