Looking to diversify beyond FDVIX? The mutual funds below have historically moved differently from FDVIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FDVIX
0 mutual funds have low correlation with FDVIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.39, down from 0.62 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.39 | 0.50 | 0.62 | 87 | Foreign Large Cap Equities | FDVIX vs IVFIX | |
| GQG Partners International Quality Dividend Income... | 0.49 | 0.66 | 0.69 | 65 | Quality Factor, Foreign Large Cap Equities | FDVIX vs GQJPX | |
| PIMCO RAE PLUS International Fund | 0.53 | 0.57 | 0.60 | 94 | Foreign Large Cap Equities | FDVIX vs PTSIX | |
| Fidelity Advisor Canada Fund Class Z | 0.56 | 0.68 | 0.73 | 53 | Foreign Large Cap Equities | FDVIX vs FIQEX | |
| Kopernik International Fund | 0.56 | 0.45 | 0.57 | 58 | Foreign Large Cap Equities | FDVIX vs KGIIX |
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