Looking to diversify beyond FDESX? The mutual funds below have the lowest correlation with FDESX — 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 FDESX.
Best Diversifiers for FDESX
0 mutual funds have low correlation with FDESX (below 0.3), 0 of which are negatively correlated. The least correlated is Baron Partners Fund (BPTRX) (Large Cap Growth Equities) with a 1Y correlation of 0.49, down from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baron Partners Fund | 0.49 | 0.60 | 0.67 | 72 | Large Cap Growth Equities | FDESX vs BPTRX | |
| ICON Equity Fund | 0.74 | 0.71 | 0.80 | 84 | Large Cap Growth Equities | FDESX vs IOLZX | |
| Adams Diversified Equity Fund, Inc. | 0.75 | 0.81 | 0.88 | 67 | Large Cap Blend Equities | FDESX vs ADX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.76 | 0.72 | 0.77 | 61 | Foreign Large Cap Equities | FDESX vs VTMGX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.81 | 0.80 | 0.79 | 62 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | FDESX vs QQQX |
See all 39 diversifiers for FDESX
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