Looking to diversify beyond FALGX? The mutual funds below have historically moved differently from FALGX, 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 FALGX
124 mutual funds have low correlation with FALGX (below 0.3), 3 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of -0.05, down from 0.59 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | -0.05 | 0.37 | 0.59 | 93 | Large Cap Value Equities | FALGX vs LEXCX | |
| GQG Partners US Quality Dividend Income Fund | -0.02 | 0.45 | 0.62 | 62 | Quality Factor, Large Cap Value Equities | FALGX vs GQHPX | |
| Federated Hermes Equity Income Fund | -0.02 | 0.49 | 0.73 | 72 | Dividend, Large Cap Value Equities | FALGX vs LEIFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.01 | 0.33 | 0.55 | 94 | Large Cap Value Equities | FALGX vs SVAIX | |
| Hennessy Cornerstone Value Fund | 0.13 | 0.50 | 0.70 | 95 | Large Cap Value Equities | FALGX vs HFCVX |
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