Looking to diversify beyond FBLEX? The mutual funds below have historically moved differently from FBLEX, 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 FBLEX
2 mutual funds have low correlation with FBLEX (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 0.23, down from 0.70 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 | 0.23 | 0.57 | 0.70 | 62 | Quality Factor, Large Cap Value Equities | FBLEX vs GQHPX | |
| Voya Corporate Leaders Trust Fund | 0.28 | 0.60 | 0.72 | 93 | Large Cap Value Equities | FBLEX vs LEXCX | |
| Federated Hermes Equity Income Fund | 0.31 | 0.58 | 0.78 | 72 | Dividend, Large Cap Value Equities | FBLEX vs LEIFX | |
| Fidelity Select Semiconductors Portfolio | 0.39 | 0.41 | 0.52 | 80 | Semiconductors, Technology Equities | FBLEX vs FSELX | |
| AMG Yacktman Focused Fund | 0.39 | 0.64 | 0.77 | 89 | Large Cap Value Equities | FBLEX vs YAFFX |
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