Looking to diversify beyond FTRNX? The mutual funds below have historically moved differently from FTRNX, 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 FTRNX
0 mutual funds have low correlation with FTRNX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Wellesley Income Fund Admiral Shares (VWIAX) (Diversified Portfolio) with a 1Y correlation of 0.40, roughly unchanged from 0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Wellesley Income Fund Admiral Shares | 0.40 | 0.41 | 0.49 | 66 | Diversified Portfolio | FTRNX vs VWIAX | |
| Provident Trust Strategy Fund | 0.42 | 0.60 | 0.74 | 51 | Large Cap Growth Equities | FTRNX vs PROVX | |
| Fidelity Value Strategies Fund | 0.55 | 0.56 | 0.65 | 72 | Mid Cap Value Equities | FTRNX vs FSLSX | |
| Fidelity Value Fund | 0.56 | 0.56 | 0.65 | 90 | Mid Cap Value Equities | FTRNX vs FDVLX | |
| Fidelity Blue Chip Value Fund | 0.58 | 0.43 | 0.53 | 94 | Large Cap Value Equities | FTRNX vs FBCVX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FTRNX, 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 Caterpillar Inc. (CAT) (Industrials) with a 1Y correlation of 0.60, roughly unchanged from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Caterpillar Inc. | 0.60 | 0.55 | 0.51 | 93 | Industrials |
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