Looking to diversify beyond FSCNX? The mutual funds below have the lowest correlation with FSCNX — 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 FSCNX.
Best Diversifiers for FSCNX
1 mutual funds have low correlation with FSCNX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.04, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.16 | 0.49 | 67 | Diversified Portfolio | FSCNX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.34 | 0.19 | 0.12 | 95 | Long-Short | FSCNX vs BDMIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.59 | 0.64 | 86 | Diversified Portfolio | FSCNX vs FSIRX | |
| Concorde Wealth Management Fund | 0.39 | 0.60 | 0.70 | 55 | Diversified Portfolio | FSCNX vs CONWX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.60 | 0.64 | 82 | Diversified Portfolio | FSCNX vs FCSRX |
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