Looking to diversify beyond VALSX? The mutual funds below have historically moved differently from VALSX, 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 VALSX
3 mutual funds have low correlation with VALSX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity OTC Portfolio Class K (FOCKX) (Large Cap Growth Equities) with a 1Y correlation of 0.28, down from 0.69 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity OTC Portfolio Class K | 0.28 | 0.52 | 0.69 | 72 | Large Cap Growth Equities | VALSX vs FOCKX | |
| Fidelity OTC Portfolio | 0.29 | 0.52 | 0.69 | 72 | Large Cap Growth Equities | VALSX vs FOCPX | |
| Fidelity OTC K6 Portfolio | 0.30 | 0.53 | 0.70 | 59 | Large Cap Growth Equities | VALSX vs FOKFX | |
| Fidelity Growth Company K6 Fund | 0.32 | 0.54 | 0.70 | 54 | Large Cap Growth Equities | VALSX vs FGKFX | |
| Fidelity Series Growth Company Fund | 0.34 | 0.55 | 0.70 | 71 | Large Cap Growth Equities | VALSX vs FCGSX |
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