Looking to diversify beyond FLKSX? The mutual funds below have the lowest correlation with FLKSX — 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 FLKSX.
Best Diversifiers for FLKSX
0 mutual funds have low correlation with FLKSX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Science And Technology Fund (PRSCX) (Technology Equities) with a 1Y correlation of 0.42, down from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Science And Technology Fund | 0.42 | 0.51 | 0.58 | 91 | Technology Equities | FLKSX vs PRSCX | |
| Fidelity Growth Company K | 0.50 | 0.56 | 0.64 | 77 | Large Cap Growth Equities | FLKSX vs FGCKX | |
| T. Rowe Price U.S. Equity Research Fund | 0.67 | 0.71 | 0.77 | 69 | Large Cap Blend Equities | FLKSX vs PRCOX | |
| Fidelity 500 Index Fund | 0.71 | 0.74 | 0.80 | 73 | S&P 500 | FLKSX vs FXAIX | |
| T. Rowe Price Equity Index 500 Fund | 0.72 | 0.74 | 0.79 | 72 | Large Cap Blend Equities | FLKSX vs PREIX |
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