Looking to diversify beyond FOPCX? The mutual funds below have historically moved differently from FOPCX, 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 FOPCX
0 mutual funds have low correlation with FOPCX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.54, roughly unchanged from 0.59 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.54 | 0.51 | 0.59 | 80 | Semiconductors, Technology Equities | FOPCX vs FSELX | |
| AMG Yacktman Special Opportunities Fund | 0.55 | 0.58 | 0.65 | 55 | Foreign Small & Mid Cap Equities | FOPCX vs YASLX | |
| Kopernik Global All-Cap Fund Class A | 0.58 | 0.52 | 0.57 | 65 | Foreign Small & Mid Cap Equities | FOPCX vs KGGAX | |
| Kopernik Global All-Cap Fund | 0.58 | 0.51 | 0.57 | 66 | Foreign Small & Mid Cap Equities | FOPCX vs KGGIX | |
| Hood River International Opportunity Fund | 0.65 | 0.67 | — | 72 | Foreign Small & Mid Cap Equities | FOPCX vs HRIOX |
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