Looking to diversify beyond FPCIX? The mutual funds below have the lowest correlation with FPCIX — 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 FPCIX.
Best Diversifiers for FPCIX
10 mutual funds have low correlation with FPCIX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Strategic Income Opportunities Fund Class I (JSOSX) (Total Bond Market) with a 1Y correlation of 0.10, up from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Strategic Income Opportunities Fund Class... | 0.10 | -0.26 | -0.27 | 99 | Total Bond Market | FPCIX vs JSOSX | |
| Fidelity Select Semiconductors Portfolio | 0.13 | 0.08 | 0.09 | 97 | Semiconductors, Technology Equities | FPCIX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.23 | 0.15 | 0.13 | 71 | Large Cap Growth Equities | FPCIX vs FBGRX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | 0.24 | 0.42 | 0.47 | 100 | Total Bond Market | FPCIX vs VUBFX | |
| Fidelity Flex Conservative Income Bond Fund | 0.26 | 0.28 | 0.29 | 99 | Total Bond Market | FPCIX vs FJTDX |
See all 17 diversifiers for FPCIX
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Diversification Analysis
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