Looking to diversify beyond FOCPX? The mutual funds below have historically moved differently from FOCPX, 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 FOCPX
12 mutual funds have low correlation with FOCPX (below 0.3), 3 of which are negatively correlated. The least correlated is Vanguard Energy Index Fund Admiral Shares (VENAX) (Energy Equities) with a 1Y correlation of -0.16, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Energy Index Fund Admiral Shares | -0.16 | 0.04 | 0.17 | 71 | Energy Equities | FOCPX vs VENAX | |
| Fidelity Select Energy Portfolio | -0.12 | 0.09 | 0.20 | 87 | Energy Equities | FOCPX vs FSENX | |
| Edgar Lomax Value Fund | -0.00 | 0.22 | 0.40 | 96 | Large Cap Value Equities | FOCPX vs LOMAX | |
| Smead Value Fund | 0.04 | 0.28 | 0.48 | 90 | Large Cap Value Equities | FOCPX vs SMVLX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.04 | 0.04 | 0.11 | 91 | Inflation-Protected Bonds | FOCPX vs VTAPX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FOCPX, 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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.37, down from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.37 | -0.23 | -0.06 | 52 | Utilities | |
| Chubb Limited | -0.36 | -0.13 | 0.08 | 87 | Financial Services | |
| Altria Group, Inc. | -0.35 | -0.17 | -0.04 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.30 | -0.15 | 0.06 | 87 | Consumer Defensive | |
| Verizon Communications Inc. | -0.29 | -0.17 | -0.02 | 66 | Communication Services |
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