Looking to diversify beyond FDECX? The mutual funds below have the lowest correlation with FDECX — 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 FDECX.
Best Diversifiers for FDECX
1 mutual funds have low correlation with FDECX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of 0.18, down from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.18 | 0.35 | 0.55 | 80 | Large Cap Value Equities | FDECX vs SVAIX | |
| Hennessy Cornerstone Value Fund | 0.35 | 0.54 | 0.71 | 81 | Large Cap Value Equities | FDECX vs HFCVX | |
| American Century Equity Income Fund Class I | 0.50 | 0.57 | 0.72 | 52 | Large Cap Value Equities | FDECX vs ACIIX | |
| Torray Fund | 0.54 | 0.73 | 0.84 | 64 | Large Cap Value Equities | FDECX vs TORYX | |
| PIMCO RAE US Fund | 0.58 | 0.75 | 0.84 | 92 | Large Cap Value Equities | FDECX vs PKAIX |
See all 29 diversifiers for FDECX
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