Looking to diversify beyond FVLAX? The mutual funds below have historically moved differently from FVLAX, 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 FVLAX
43 mutual funds have low correlation with FVLAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.06, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.06 | 0.22 | 0.38 | 80 | Semiconductors, Technology Equities | FVLAX vs FSELX | |
| GQG Partners US Quality Dividend Income Fund | 0.11 | 0.55 | 0.70 | 62 | Quality Factor, Large Cap Value Equities | FVLAX vs GQHPX | |
| Vanguard International High Dividend Yield Index F... | 0.12 | 0.49 | 0.64 | 94 | Large Cap Value Equities, Dividend, Foreign Large Cap Equities | FVLAX vs VIHAX | |
| Voya Corporate Leaders Trust Fund | 0.12 | 0.58 | 0.70 | 93 | Large Cap Value Equities | FVLAX vs LEXCX | |
| SA U.S. Value Fund | 0.13 | 0.66 | 0.80 | 97 | Large Cap Value Equities | FVLAX vs SABTX |
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