Looking to diversify beyond FAIRX? The mutual funds below have historically moved differently from FAIRX, 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 FAIRX
15 mutual funds have low correlation with FAIRX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of 0.05, down from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | 0.05 | 0.34 | 0.43 | 62 | Quality Factor, Large Cap Value Equities | FAIRX vs GQHPX | |
| Federated Hermes Equity Income Fund | 0.09 | 0.40 | 0.52 | 72 | Dividend, Large Cap Value Equities | FAIRX vs LEIFX | |
| Voya Corporate Leaders Trust Fund | 0.12 | 0.41 | 0.47 | 93 | Large Cap Value Equities | FAIRX vs LEXCX | |
| Buffalo Flexible Income Fund | 0.16 | 0.43 | 0.51 | 87 | Large Cap Value Equities | FAIRX vs BUFBX | |
| Hennessy Cornerstone Value Fund | 0.23 | 0.47 | 0.51 | 95 | Large Cap Value Equities | FAIRX vs HFCVX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FAIRX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Datadog, Inc. (DDOG) (Technology) with a 1Y correlation of -0.00, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Datadog, Inc. | -0.00 | 0.17 | 0.29 | 82 | Technology | |
| Xometry, Inc. | 0.13 | 0.30 | 0.30 | 89 | Industrials | |
| JPMorgan Chase & Co. | 0.22 | 0.34 | 0.41 | 71 | Financial Services | |
| Etsy, Inc. | 0.22 | 0.30 | 0.34 | 66 | Consumer Cyclical | |
| The St. Joe Company | 0.98 | 0.98 | 0.99 | 70 | Real Estate |
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