Looking to diversify beyond FSCDX? The mutual funds below have historically moved differently from FSCDX, 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 FSCDX
0 mutual funds have low correlation with FSCDX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds New World Fund Class F-3 (FNWFX) (Emerging Markets Equities) with a 1Y correlation of 0.64, roughly unchanged from 0.73 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds New World Fund Class F-3 | 0.64 | 0.65 | 0.73 | 55 | Emerging Markets Equities | FSCDX vs FNWFX | |
| DFA International Small Company Portfolio | 0.65 | 0.66 | 0.71 | 60 | Foreign Small & Mid Cap Equities, Small Cap Blend Equities | FSCDX vs DFISX | |
| Fidelity Select Semiconductors Portfolio | 0.66 | 0.61 | 0.69 | 80 | Semiconductors, Technology Equities | FSCDX vs FSELX | |
| Auer Growth Fund | 0.68 | 0.76 | 0.79 | 91 | Small Cap Blend Equities | FSCDX vs AUERX | |
| Fidelity International Index Fund | 0.69 | 0.66 | 0.71 | 70 | Foreign Large Cap Equities | FSCDX vs FSPSX |
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