Looking to diversify beyond FOCSX? The mutual funds below have historically moved differently from FOCSX, 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 FOCSX
0 mutual funds have low correlation with FOCSX (below 0.3), 0 of which are negatively correlated. The least correlated is Dodge & Cox Stock Fund Class I (DODGX) (Large Cap Value Equities) with a 1Y correlation of 0.54, down from 0.75 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dodge & Cox Stock Fund Class I | 0.54 | 0.69 | 0.75 | 56 | Large Cap Value Equities | FOCSX vs DODGX | |
| JPMorgan Equity Income Fund R6 | 0.63 | 0.67 | 0.72 | 89 | Large Cap Value Equities, Dividend | FOCSX vs OIEJX | |
| Victory Sycamore Established Value Fund Class R6 | 0.63 | 0.74 | 0.78 | 55 | Mid Cap Value Equities | FOCSX vs VEVRX | |
| Fidelity International Index Fund | 0.69 | 0.66 | 0.70 | 70 | Foreign Large Cap Equities | FOCSX vs FSPSX | |
| Boston Partners All Cap Value Fund | 0.70 | 0.77 | 0.79 | 82 | Large Cap Value Equities | FOCSX vs BPAVX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FOCSX, 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 Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.29, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.29 | 0.34 | 0.50 | 89 | Technology |
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