Looking to diversify beyond FTCWX? The mutual funds below have historically moved differently from FTCWX, 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 FTCWX
1 mutual funds have low correlation with FTCWX (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 0.03, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.12 | 0.36 | 66 | Diversified Portfolio | FTCWX vs MHELX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.32 | 0.15 | 0.09 | 97 | Equity Market Neutral | FTCWX vs BDMIX | |
| BlackRock Global Equity Market Neutral Fund Invest... | 0.32 | 0.15 | 0.09 | 97 | Equity Market Neutral | FTCWX vs BDMAX | |
| Fidelity Strategic Real Return Fund | 0.40 | 0.58 | 0.61 | 95 | Diversified Portfolio | FTCWX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.40 | 0.58 | 0.61 | 91 | Diversified Portfolio | FTCWX vs FIQDX |
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