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
3 mutual funds have low correlation with FDTTX (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 | FDTTX vs LEXCX | |
| Federated Hermes Strategic Value Dividend Fund | 0.15 | 0.33 | 0.54 | 86 | Large Cap Value Equities | FDTTX vs SVAIX | |
| Buffalo Flexible Income Fund | 0.26 | 0.54 | 0.72 | 61 | Large Cap Value Equities | FDTTX vs BUFBX | |
| Hennessy Cornerstone Value Fund | 0.32 | 0.52 | 0.70 | 87 | Large Cap Value Equities | FDTTX vs HFCVX | |
| AMG Yacktman Focused Fund | 0.47 | 0.63 | 0.77 | 86 | Large Cap Value Equities | FDTTX vs YAFFX |
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