Looking to diversify beyond FLPKX? The mutual funds below have the lowest correlation with FLPKX — 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 FLPKX.
Best Diversifiers for FLPKX
0 mutual funds have low correlation with FLPKX (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 0.41, down from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Science And Technology Fund | 0.41 | 0.51 | 0.59 | 75 | Technology Equities | FLPKX vs PRSCX | |
| Fidelity Blue Chip Growth Fund Class K | 0.51 | 0.57 | 0.65 | 56 | Large Cap Growth Equities | FLPKX vs FBGKX | |
| American Funds American High-Income Trust® Class R... | 0.59 | 0.57 | 0.56 | 76 | High Yield Bonds | FLPKX vs RITGX | |
| T. Rowe Price U.S. Equity Research Fund | 0.67 | 0.72 | 0.78 | 50 | Large Cap Blend Equities | FLPKX vs PRCOX | |
| Vanguard Wellington Fund Admiral Shares | 0.68 | 0.72 | 0.78 | 53 | Diversified Portfolio | FLPKX vs VWENX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLPKX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLPKX and solid risk/return profiles. The least correlated is Eversource Energy (ES) (Utilities) with a 1Y correlation of 0.25, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eversource Energy | 0.25 | 0.26 | 0.27 | 63 | Utilities | |
| Bloom Energy Corporation | 0.26 | 0.39 | 0.46 | 99 | Industrials | |
| Intel Corporation | 0.37 | 0.42 | 0.49 | 99 | Technology |
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