Looking to diversify beyond FDGKX? The mutual funds below have the lowest correlation with FDGKX — 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 FDGKX.
Best Diversifiers for FDGKX
2 mutual funds have low correlation with FDGKX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.10, down from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.10 | 0.45 | 0.69 | 67 | Large Cap Value Equities | FDGKX vs LEIFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.13 | 0.29 | 0.51 | 80 | Large Cap Value Equities | FDGKX vs SVAIX | |
| Hennessy Cornerstone Value Fund | 0.31 | 0.48 | 0.64 | 81 | Large Cap Value Equities | FDGKX vs HFCVX | |
| Smead Value Fund | 0.37 | 0.57 | 0.70 | 62 | Large Cap Value Equities | FDGKX vs SMVLX | |
| American Century Equity Income Fund Class I | 0.45 | 0.50 | 0.68 | 52 | Large Cap Value Equities | FDGKX vs ACIIX |
See all 43 diversifiers for FDGKX
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