Looking to diversify beyond FSCCX? The mutual funds below have the lowest correlation with FSCCX — 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 FSCCX.
Best Diversifiers for FSCCX
2 mutual funds have low correlation with FSCCX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen High Yield Municipal Bond Fund (NHMRX) (High Yield Muni) with a 1Y correlation of 0.17, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen High Yield Municipal Bond Fund | 0.18 | 0.12 | 0.09 | 63 | High Yield Muni | FSCCX vs NHMRX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.18 | 0.11 | 0.11 | 65 | High Yield Muni | FSCCX vs NVHIX | |
| Nuveen Preferred Securities & Income Fund | 0.31 | 0.34 | 0.36 | 73 | Preferred Stock/Convertible Bonds | FSCCX vs NPSRX | |
| Aegis Value Fund | 0.40 | 0.48 | 0.57 | 87 | Small Cap Value Equities | FSCCX vs AVALX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.43 | 0.50 | 0.55 | 62 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | FSCCX vs QQQX |
See all 37 diversifiers for FSCCX
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