Looking to diversify beyond FEBIX? The mutual funds below have historically moved differently from FEBIX, 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 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 0.28, up from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.28 | 0.09 | -0.06 | 79 | Global Allocation | FEBIX vs LFMIX | |
| MH Elite Select Portfolio of Funds Fund | 0.33 | 0.32 | 0.55 | 68 | Global Allocation | FEBIX vs MHESX | |
| First Eagle Short Duration High Yield Municipal Fu... | 0.36 | — | — | 73 | High Yield Muni | FEBIX vs FDUAX | |
| First Eagle High Income Fund | 0.36 | 0.31 | 0.42 | 70 | High Yield Bonds | FEBIX vs FEHIX | |
| First Eagle High Yield Municipal Fund Class A | 0.36 | 0.31 | 0.42 | 64 | High Yield Muni | FEBIX vs FEHAX |
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