Looking to diversify beyond FSLVX? The mutual funds below have historically moved differently from FSLVX, 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 FSLVX
2 mutual funds have low correlation with FSLVX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of 0.24, down from 0.69 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | 0.24 | 0.56 | 0.69 | 62 | Quality Factor, Large Cap Value Equities | FSLVX vs GQHPX | |
| Voya Corporate Leaders Trust Fund | 0.28 | 0.59 | 0.71 | 93 | Large Cap Value Equities | FSLVX vs LEXCX | |
| Fidelity Global Commodity Stock Fund | 0.34 | 0.53 | 0.63 | 88 | Commodities | FSLVX vs FFGCX | |
| Fidelity Select Semiconductors Portfolio | 0.38 | 0.41 | 0.52 | 80 | Semiconductors, Technology Equities | FSLVX vs FSELX | |
| AMG Yacktman Focused Fund | 0.38 | 0.62 | 0.76 | 89 | Large Cap Value Equities | FSLVX vs YAFFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FSLVX, 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 Fomento Económico Mexicano, S.A.B. de C.V. (FMX) (Consumer Defensive) with a 1Y correlation of 0.22, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fomento Económico Mexicano, S.A.B. de C.V. | 0.22 | 0.28 | 0.36 | 93 | Consumer Defensive | |
| Cohen & Steers Infrastructure Fund, Inc | 0.45 | 0.52 | 0.55 | 74 | Financial Services |
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