Looking to diversify beyond FVCAX? The mutual funds below have historically moved differently from FVCAX, 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 FVCAX
2 mutual funds have low correlation with FVCAX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Global Allocation Fund Class C (FFACX) (Global Allocation) with a 1Y correlation of 0.28, roughly unchanged from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Global Allocation Fund Class C | 0.28 | 0.24 | 0.21 | 61 | Global Allocation | FVCAX vs FFACX | |
| Franklin Mutual Global Discovery Fund Class A | 0.29 | 0.19 | 0.11 | 52 | Global Equities | FVCAX vs TEDIX | |
| First Eagle Short Duration High Yield Municipal Fu... | 0.66 | — | — | 63 | High Yield Muni | FVCAX vs FDUAX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.69 | 0.73 | 0.72 | 88 | High Yield Muni | FVCAX vs NVHIX | |
| abrdn Short Duration High Yield Municipal Fund | 0.70 | 0.76 | 0.78 | 69 | High Yield Muni | FVCAX vs AHYMX |
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