Looking to diversify beyond FOCKX? The mutual funds below have historically moved differently from FOCKX, 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 FOCKX
0 mutual funds have low correlation with FOCKX (below 0.3), 0 of which are negatively correlated. The least correlated is AQR Long-Short Equity Fund Class N (QLENX) (Long-Short) with a 1Y correlation of 0.43, up from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Long-Short Equity Fund Class N | 0.43 | 0.42 | 0.24 | 75 | Long-Short, Actively Managed | FOCKX vs QLENX | |
| Fidelity Value Fund | 0.48 | 0.51 | 0.62 | 89 | Mid Cap Value Equities | FOCKX vs FDVLX | |
| Davis New York Venture Fund Class Y | 0.58 | 0.67 | 0.75 | 90 | Large Cap Growth Equities | FOCKX vs DNVYX | |
| MFS International Intrinsic Value Fund Class I | 0.59 | 0.60 | 0.67 | 51 | Large Cap Growth Equities, Foreign Large Cap Equities | FOCKX vs MINIX | |
| Vanguard Strategic Equity Fund | 0.63 | 0.61 | 0.71 | 88 | Mid Cap Blend Equities | FOCKX vs VSEQX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FOCKX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Fortinet, Inc. (FTNT) (Technology) with a 1Y correlation of 0.29, down from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortinet, Inc. | 0.29 | 0.40 | 0.56 | 81 | Technology | |
| Apple Inc | 0.39 | 0.49 | 0.65 | 89 | Technology | |
| Amazon.com, Inc | 0.56 | 0.65 | 0.69 | 60 | Consumer Cyclical | |
| Celestica Inc. | 0.56 | 0.55 | 0.54 | 73 | Technology | |
| Alphabet Inc. Class A | 0.59 | 0.65 | 0.74 | 95 | Communication Services |
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