Looking to diversify beyond FTCWX? The mutual funds below have the lowest correlation with FTCWX — 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 FTCWX.
Best Diversifiers for FTCWX
2 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 0.07, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.16 | 0.38 | 64 | Diversified Portfolio | FTCWX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.25 | 0.13 | 0.07 | 92 | Long-Short | FTCWX vs BDMIX | |
| Fidelity Strategic Real Return Fund | 0.40 | 0.60 | 0.62 | 96 | Diversified Portfolio | FTCWX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.40 | 0.60 | 0.62 | 96 | Diversified Portfolio | FTCWX vs FSIRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.41 | 0.61 | 0.62 | 96 | Diversified Portfolio | FTCWX vs FSRKX |
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