Looking to diversify beyond FXCTX? The mutual funds below have historically moved differently from FXCTX, 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 FXCTX
14 mutual funds have low correlation with FXCTX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.01, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.01 | 0.18 | 0.22 | 91 | Municipal Bonds | FXCTX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.03 | 0.20 | 0.24 | 94 | Municipal Bonds | FXCTX vs DMREX | |
| Fidelity 500 Index Fund | 0.18 | 0.14 | 0.12 | 64 | S&P 500 | FXCTX vs FXAIX | |
| abrdn Ultra Short Municipal Income Fund | 0.20 | 0.25 | 0.26 | 100 | Municipal Bonds | FXCTX vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 0.23 | 0.26 | 0.35 | 100 | Municipal Bonds | FXCTX vs DFSMX |
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