Looking to diversify beyond FLVCX? The mutual funds below have the lowest correlation with FLVCX — 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 FLVCX.
Best Diversifiers for FLVCX
2 mutual funds have low correlation with FLVCX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.01, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.01 | 0.25 | 0.39 | 79 | Energy Equities | FLVCX vs FSENX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.21 | 0.10 | 0.09 | 73 | Large Cap Blend Equities | FLVCX vs SVPFX | |
| PGIM High Yield Fund Class R6 | 0.41 | 0.42 | 0.46 | 75 | High Yield Bonds | FLVCX vs PHYQX | |
| North Square Preferred and Income Securities Fund | 0.47 | 0.35 | 0.41 | 72 | Large Cap Blend Equities | FLVCX vs ORDNX | |
| First Eagle Overseas Fund Class I | 0.57 | 0.58 | 0.66 | 57 | Large Cap Blend Equities, Foreign Large Cap Equities | FLVCX vs SGOIX |
See all 51 diversifiers for FLVCX
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