Looking to diversify beyond FDEEX? The mutual funds below have the lowest correlation with FDEEX — 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 FDEEX.
Best Diversifiers for FDEEX
2 mutual funds have low correlation with FDEEX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) (Inflation-Protected Bonds) with a 1Y correlation of 0.08, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.08 | 0.16 | 0.20 | 89 | Inflation-Protected Bonds | FDEEX vs VTAPX | |
| Fidelity Floating Rate High Income Fund | 0.26 | 0.31 | 0.37 | 92 | Bank Loan | FDEEX vs FFRHX | |
| AQR Long-Short Equity Fund | 0.42 | 0.43 | 0.33 | 53 | Long-Short | FDEEX vs QLEIX | |
| ARK Venture Fund | 0.48 | 0.61 | — | 99 | Technology Equities | FDEEX vs ARKVX | |
| Baron Partners Fund | 0.50 | 0.58 | 0.63 | 72 | Large Cap Growth Equities | FDEEX vs BPTRX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FDEEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FDEEX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.17, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.17 | 0.01 | 0.13 | 70 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.16 | 0.08 | 0.23 | 68 | Energy | |
| ConocoPhillips Company | -0.13 | 0.09 | 0.24 | 61 | Energy | |
| Chevron Corporation | -0.11 | 0.10 | 0.25 | 68 | Energy | |
| Duke Energy Corporation | -0.11 | 0.01 | 0.10 | 62 | Utilities |
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Build a portfolio that complements FDEEX
Add FDEEX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FDEEX