Looking to diversify beyond FDGDX? The mutual funds below have the lowest correlation with FDGDX — 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 FDGDX.
Best Diversifiers for FDGDX
1 mutual funds have low correlation with FDGDX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund Class A (SVAAX) (Dividend) with a 1Y correlation of 0.13, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.13 | 0.36 | 0.54 | 77 | Dividend | FDGDX vs SVAAX | |
| Pioneer Multi-Asset Income Fund A | 0.35 | 0.41 | 0.51 | 80 | Diversified Portfolio, Dividend | FDGDX vs PMAIX | |
| EuroPac International Dividend Income Fund Class A | 0.49 | 0.43 | 0.53 | 74 | Foreign Large Cap Equities, Dividend | FDGDX vs EPDPX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.51 | 0.61 | 0.77 | 79 | Large Cap Value Equities, Dividend | FDGDX vs CDDYX | |
| JPMorgan Equity Income Fund R6 | 0.56 | 0.59 | 0.74 | 77 | Large Cap Value Equities, Dividend | FDGDX vs OIEJX |
See all 24 diversifiers for FDGDX
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