Looking to diversify beyond FALGX? The mutual funds below have the lowest correlation with FALGX — 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 FALGX.
Best Diversifiers for FALGX
42 mutual funds have low correlation with FALGX (below 0.3), 2 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 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | -0.05 | 0.38 | 0.60 | 68 | Large Cap Value Equities | FALGX vs LEXCX | |
| Federated Hermes Equity Income Fund | -0.02 | 0.50 | 0.74 | 71 | Large Cap Value Equities | FALGX vs LEIFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.04 | 0.34 | 0.56 | 86 | Large Cap Value Equities | FALGX vs SVAIX | |
| SA U.S. Value Fund | 0.16 | 0.57 | 0.78 | 94 | Large Cap Value Equities | FALGX vs SABTX | |
| Hennessy Cornerstone Value Fund | 0.18 | 0.51 | 0.70 | 87 | Large Cap Value Equities | FALGX vs HFCVX |
See all 228 diversifiers for FALGX
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