Looking to diversify beyond FAMEX? The mutual funds below have historically moved differently from FAMEX, 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 FAMEX
0 mutual funds have low correlation with FAMEX (below 0.3), 0 of which are negatively correlated. The least correlated is Hodges Fund (HDPMX) (Mid Cap Blend Equities) with a 1Y correlation of 0.55, down from 0.72 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hodges Fund | 0.55 | 0.64 | 0.72 | 59 | Mid Cap Blend Equities | FAMEX vs HDPMX | |
| Fidelity SAI Small-Mid Cap 500 Index Fund | 0.55 | 0.73 | 0.81 | 68 | Mid Cap Blend Equities | FAMEX vs FZFLX | |
| Paradigm Select Fund | 0.55 | 0.68 | 0.77 | 90 | Mid Cap Blend Equities | FAMEX vs PFSLX | |
| Tarkio Fund | 0.57 | 0.68 | 0.76 | 65 | Mid Cap Blend Equities | FAMEX vs TARKX | |
| Fidelity 500 Index Fund | 0.58 | 0.73 | 0.82 | 64 | S&P 500 | FAMEX vs FXAIX |
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