Looking to diversify beyond FEAMX? The mutual funds below have historically moved differently from FEAMX, 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 FEAMX
0 mutual funds have low correlation with FEAMX (below 0.3), 0 of which are negatively correlated. The least correlated is First Eagle High Yield Municipal Fund Class A (FEHAX) (High Yield Muni) with a 1Y correlation of 0.31, roughly unchanged from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Eagle High Yield Municipal Fund Class A | 0.31 | 0.22 | 0.33 | 52 | High Yield Muni | FEAMX vs FEHAX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.32 | 0.18 | 0.15 | 96 | Large Cap Blend Equities | FEAMX vs SVPFX | |
| First Eagle High Income Fund | 0.34 | 0.21 | 0.33 | 57 | High Yield Bonds | FEAMX vs FEHIX | |
| First Eagle Short Duration High Yield Municipal Fu... | 0.34 | — | — | 63 | High Yield Muni | FEAMX vs FDUAX | |
| North Square Preferred and Income Securities Fund | 0.46 | 0.35 | 0.40 | 54 | Preferred Stock | FEAMX vs ORDNX |
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