Looking to diversify beyond FLVCX? The mutual funds below have historically moved differently from FLVCX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 -0.00, down from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.00 | 0.22 | 0.37 | 87 | Energy Equities | FLVCX vs FSENX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.25 | 0.12 | 0.10 | 96 | Large Cap Blend Equities | FLVCX vs SVPFX | |
| Fidelity SAI U.S. Low Volatility Index Fund | 0.35 | 0.56 | 0.68 | 56 | Low Volatility | FLVCX vs FSUVX | |
| Barrett Opportunity Fund | 0.38 | 0.61 | 0.74 | 85 | Large Cap Blend Equities | FLVCX vs SAOPX | |
| ClearBridge Dividend Strategy Fund | 0.42 | 0.62 | 0.74 | 65 | Large Cap Blend Equities | FLVCX vs SOPAX |
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