Looking to diversify beyond FMACX? The mutual funds below have the lowest correlation with FMACX — 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 FMACX.
Best Diversifiers for FMACX
0 mutual funds have low correlation with FMACX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds The Income Fund of America Class A (AMECX) (Diversified Portfolio) with a 1Y correlation of 0.55, down from 0.72 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds The Income Fund of America Class A | 0.55 | 0.67 | 0.72 | 57 | Diversified Portfolio, Dividend | FMACX vs AMECX | |
| Baron Partners Fund | 0.56 | 0.65 | 0.72 | 75 | Large Cap Growth Equities | FMACX vs BPTRX | |
| ICON Equity Fund | 0.66 | 0.71 | 0.78 | 76 | Large Cap Growth Equities | FMACX vs IOLZX | |
| One Rock Fund | 0.70 | 0.80 | 0.85 | 89 | Large Cap Growth Equities | FMACX vs ONERX | |
| Davis New York Venture Fund Class Y | 0.71 | 0.78 | 0.82 | 81 | Large Cap Growth Equities | FMACX vs DNVYX |
See all 29 diversifiers for FMACX
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