Looking to diversify beyond FPCGX? The mutual funds below have historically moved differently from FPCGX, 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 FPCGX
3 mutual funds have low correlation with FPCGX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.25, up from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.25 | 0.10 | 0.09 | 97 | Large Cap Blend Equities | FPCGX vs SVPFX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.25 | 0.54 | 0.74 | 50 | Large Cap Blend Equities | FPCGX vs QKACX | |
| Federated Hermes MDT All Cap Core Fund | 0.26 | 0.54 | 0.74 | 53 | Large Cap Blend Equities | FPCGX vs QIACX | |
| North Square Preferred and Income Securities Fund | 0.44 | 0.32 | 0.39 | 59 | Preferred Stock | FPCGX vs ORDNX | |
| First Eagle Overseas Fund Class I | 0.56 | 0.56 | 0.63 | 80 | Foreign Large Cap Equities | FPCGX vs SGOIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FPCGX, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.02, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.02 | 0.31 | 0.50 | 61 | Financial Services |
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