Looking to diversify beyond FEBIX? The mutual funds below have the lowest correlation with FEBIX — 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 FEBIX.
Best Diversifiers for FEBIX
1 mutual funds have low correlation with FEBIX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.29, up from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.29 | 0.07 | -0.05 | 88 | Global Allocation | FEBIX vs LFMIX | |
| MH Elite Select Portfolio of Funds Fund | 0.43 | 0.37 | 0.58 | 57 | Global Allocation | FEBIX vs MHESX | |
| Calamos Global Dynamic Income Fund | 0.45 | 0.50 | 0.57 | 72 | Global Allocation | FEBIX vs CHW | |
| Calamos Global Total Return Fund | 0.51 | 0.46 | 0.52 | 51 | Global Allocation | FEBIX vs CGO | |
| Calamos Global Opportunities Fund | 0.51 | 0.52 | 0.67 | 58 | Global Allocation | FEBIX vs CVLOX |
See all 29 diversifiers for FEBIX
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