Looking to diversify beyond FDEIX? The mutual funds below have the lowest correlation with FDEIX — 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 FDEIX.
Best Diversifiers for FDEIX
1 mutual funds have low correlation with FDEIX (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 0.19, 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 | 0.19 | 0.35 | 0.55 | 78 | Large Cap Value Equities | FDEIX vs SVAIX | |
| Hennessy Cornerstone Value Fund | 0.35 | 0.54 | 0.71 | 81 | Large Cap Value Equities | FDEIX vs HFCVX | |
| American Century Equity Income Fund Class I | 0.50 | 0.57 | 0.72 | 52 | Large Cap Value Equities | FDEIX vs ACIIX | |
| American Century Equity Income Fund | 0.51 | 0.57 | 0.72 | 51 | Large Cap Value Equities | FDEIX vs TWEIX | |
| Torray Fund | 0.55 | 0.73 | 0.85 | 64 | Large Cap Value Equities | FDEIX vs TORYX |
See all 42 diversifiers for FDEIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FDEIX
Add FDEIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FDEIX