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
3 mutual funds have low correlation with FDTZX (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 0.09, down from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.09 | 0.38 | 0.59 | 53 | Large Cap Value Equities | FDTZX vs LEXCX | |
| Federated Hermes Equity Income Fund | 0.16 | 0.53 | 0.75 | 53 | Large Cap Value Equities | FDTZX vs LEIFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.23 | 0.37 | 0.56 | 70 | Large Cap Value Equities | FDTZX vs SVAIX | |
| Buffalo Flexible Income Fund | 0.33 | 0.58 | 0.74 | 71 | Large Cap Value Equities | FDTZX vs BUFBX | |
| Hennessy Cornerstone Value Fund | 0.35 | 0.54 | 0.72 | 89 | Large Cap Value Equities | FDTZX vs HFCVX |
See all 38 diversifiers for FDTZX
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