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
2 mutual funds have low correlation with FDECX (below 0.3), 0 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of 0.06, down from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.06 | 0.38 | 0.59 | 53 | Large Cap Value Equities | FDECX vs LEXCX | |
| Federated Hermes Strategic Value Dividend Fund | 0.20 | 0.36 | 0.56 | 70 | Large Cap Value Equities | FDECX vs SVAIX | |
| Buffalo Flexible Income Fund | 0.34 | 0.59 | 0.74 | 71 | Large Cap Value Equities | FDECX vs BUFBX | |
| Hennessy Cornerstone Value Fund | 0.36 | 0.55 | 0.72 | 89 | Large Cap Value Equities | FDECX vs HFCVX | |
| Torray Fund | 0.57 | 0.75 | 0.85 | 78 | Large Cap Value Equities | FDECX vs TORYX |
See all 26 diversifiers for FDECX
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