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
23 mutual funds have low correlation with FALGX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.02, down from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.02 | 0.52 | 0.75 | 65 | Large Cap Value Equities | FALGX vs LEIFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.07 | 0.35 | 0.56 | 78 | Large Cap Value Equities | FALGX vs SVAIX | |
| Hennessy Cornerstone Value Fund | 0.18 | 0.52 | 0.71 | 81 | Large Cap Value Equities | FALGX vs HFCVX | |
| SA U.S. Value Fund | 0.19 | 0.59 | 0.78 | 95 | Large Cap Value Equities | FALGX vs SABTX | |
| Smead Value Fund | 0.20 | 0.60 | 0.75 | 62 | Large Cap Value Equities | FALGX vs SMVLX |
See all 208 diversifiers for FALGX
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