Looking to diversify beyond FDVIX? The mutual funds below have the lowest correlation with FDVIX — 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 FDVIX.
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 0.43, down from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.43 | 0.51 | 0.63 | 64 | Foreign Large Cap Equities | FDVIX vs IVFIX | |
| PIMCO RAE PLUS International Fund | 0.55 | 0.57 | 0.61 | 86 | Foreign Large Cap Equities | FDVIX vs PTSIX | |
| Tweedy, Browne International Value Fund | 0.58 | 0.69 | 0.76 | 51 | Foreign Large Cap Equities | FDVIX vs TBGVX | |
| Thornburg Global Opportunities Fund | 0.63 | 0.73 | 0.78 | 86 | Foreign Large Cap Equities | FDVIX vs THOIX | |
| SA International Value Fund | 0.63 | 0.62 | 0.69 | 90 | Foreign Large Cap Equities | FDVIX vs SAHMX |
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