Looking to diversify beyond FOCPX? The mutual funds below have the lowest correlation with FOCPX — 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 FOCPX.
Best Diversifiers for FOCPX
12 mutual funds have low correlation with FOCPX (below 0.3), 3 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.12, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.12 | 0.10 | 0.22 | 78 | Energy Equities | FOCPX vs FSENX | |
| T. Rowe Price Dynamic Credit Fund | -0.10 | 0.07 | 0.01 | 83 | Nontraditional Bonds | FOCPX vs RPIDX | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.07 | 0.04 | 0.11 | 94 | Inflation-Protected Bonds | FOCPX vs VTAPX | |
| Fidelity Natural Resources Fund | 0.04 | 0.21 | 0.30 | 87 | Energy Equities | FOCPX vs FNARX | |
| Vanguard Market Neutral Fund Investor Shares | 0.10 | 0.05 | -0.04 | 63 | Long-Short | FOCPX vs VMNFX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FOCPX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FOCPX and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.27, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.27 | -0.18 | -0.04 | 52 | Utilities | |
| Altria Group, Inc. | -0.22 | -0.11 | -0.01 | 67 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.22 | -0.06 | 0.07 | 85 | Energy | |
| ConocoPhillips Company | -0.22 | -0.01 | 0.12 | 76 | Energy | |
| Verizon Communications Inc. | -0.20 | -0.11 | -0.00 | 62 | Communication Services |
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