Looking to diversify beyond MCSTX? The mutual funds below have the lowest correlation with MCSTX — 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 MCSTX.
Best Diversifiers for MCSTX
0 mutual funds have low correlation with MCSTX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Global Commodity Stock Fund (FFGCX) (Commodities) with a 1Y correlation of 0.61, roughly unchanged from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Global Commodity Stock Fund | 0.61 | 0.60 | 0.60 | 91 | Commodities | MCSTX vs FFGCX | |
| Fidelity Advisor Global Commodity Stock Fund Class... | 0.61 | 0.60 | 0.60 | 91 | Commodities | MCSTX vs FFGIX | |
| Fidelity Advisor Global Commodity Stock Fund Class... | 0.61 | 0.60 | 0.60 | 90 | Commodities | MCSTX vs FFGAX | |
| Fidelity Advisor Global Commodity Stock Fund Class... | 0.62 | 0.60 | 0.60 | 91 | Commodities | MCSTX vs FIQRX | |
| Rydex Commodities Strategy Fund | 0.73 | 0.77 | 0.78 | 59 | Commodities | MCSTX vs RYMEX |
See all 21 diversifiers for MCSTX
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