Looking to diversify beyond FDTTX? The mutual funds below have the lowest correlation with FDTTX — 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 FDTTX.
Best Diversifiers for FDTTX
1 mutual funds have low correlation with FDTTX (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 | FDTTX vs SVAIX | |
| Hennessy Cornerstone Value Fund | 0.35 | 0.54 | 0.71 | 81 | Large Cap Value Equities | FDTTX vs HFCVX | |
| American Century Equity Income Fund Class I | 0.50 | 0.57 | 0.72 | 52 | Large Cap Value Equities | FDTTX vs ACIIX | |
| American Century Equity Income Fund | 0.52 | 0.58 | 0.72 | 51 | Large Cap Value Equities | FDTTX vs TWEIX | |
| Torray Fund | 0.54 | 0.73 | 0.84 | 64 | Large Cap Value Equities | FDTTX vs TORYX |
See all 39 diversifiers for FDTTX
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