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
3 mutual funds have low correlation with FDEIX (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 0.02, down from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.02 | 0.34 | 0.57 | 68 | Large Cap Value Equities | FDEIX vs LEXCX | |
| Federated Hermes Strategic Value Dividend Fund | 0.15 | 0.33 | 0.54 | 86 | Large Cap Value Equities | FDEIX vs SVAIX | |
| Buffalo Flexible Income Fund | 0.28 | 0.55 | 0.73 | 61 | Large Cap Value Equities | FDEIX vs BUFBX | |
| Hennessy Cornerstone Value Fund | 0.33 | 0.52 | 0.70 | 87 | Large Cap Value Equities | FDEIX vs HFCVX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.36 | 0.60 | 0.76 | 51 | Large Cap Blend Equities | FDEIX vs QKACX |
See all 50 diversifiers for FDEIX
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