Looking to diversify beyond FDTZX? The mutual funds below have the lowest correlation with FDTZX — 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 FDTZX.
Best Diversifiers for FDTZX
2 mutual funds have low correlation with FDTZX (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 0.15, down from 0.74 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.15 | 0.51 | 0.74 | 67 | Large Cap Value Equities | FDTZX vs LEIFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.19 | 0.35 | 0.55 | 80 | Large Cap Value Equities | FDTZX vs SVAIX | |
| Hennessy Cornerstone Value Fund | 0.35 | 0.54 | 0.71 | 81 | Large Cap Value Equities | FDTZX vs HFCVX | |
| American Century Equity Income Fund Class I | 0.50 | 0.57 | 0.72 | 52 | Large Cap Value Equities | FDTZX vs ACIIX | |
| American Century Equity Income Fund | 0.51 | 0.57 | 0.72 | 51 | Large Cap Value Equities | FDTZX vs TWEIX |
See all 38 diversifiers for FDTZX
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