Looking to diversify beyond FDEGX? The mutual funds below have historically moved differently from FDEGX, 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 FDEGX
1 mutual funds have low correlation with FDEGX (below 0.3), 0 of which are negatively correlated. The least correlated is Diamond Hill Short Duration Securitized Bond Fund (DHEAX) (Short-Term Bond) with a 1Y correlation of 0.11, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Diamond Hill Short Duration Securitized Bond Fund | 0.11 | 0.03 | 0.07 | 99 | Short-Term Bond | FDEGX vs DHEAX | |
| Harbor Mid Cap Value Fund | 0.59 | 0.65 | 0.71 | 96 | Mid Cap Value Equities | FDEGX vs HAMVX | |
| Fidelity Equity-Income Fund | 0.59 | 0.67 | 0.72 | 90 | Large Cap Value Equities | FDEGX vs FEQIX | |
| Fidelity International Value Fund | 0.63 | 0.61 | 0.64 | 77 | Foreign Large Cap Equities | FDEGX vs FIVLX | |
| Fidelity Series Intrinsic Opportunities Fund | 0.65 | 0.72 | 0.75 | 71 | Mid Cap Value Equities | FDEGX vs FDMLX |
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