Looking to diversify beyond FEDAX? The mutual funds below have the lowest correlation with FEDAX — 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 FEDAX.
Best Diversifiers for FEDAX
0 mutual funds have low correlation with FEDAX (below 0.3), 0 of which are negatively correlated. The least correlated is Pzena Emerging Markets Value Fund Institutional Class (PZIEX) (Emerging Markets Equities) with a 1Y correlation of 0.54, down from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pzena Emerging Markets Value Fund Institutional Cl... | 0.54 | 0.66 | 0.69 | 55 | Emerging Markets Equities | FEDAX vs PZIEX | |
| Northern Income Equity Fund | 0.60 | 0.59 | 0.61 | 77 | Large Cap Value Equities | FEDAX vs NOIEX | |
| Nomura Emerging Markets Fund Class C | 0.61 | 0.70 | 0.76 | 98 | Emerging Markets Equities | FEDAX vs DEMCX | |
| Nomura Emerging Markets Fund Class A | 0.61 | 0.70 | 0.76 | 98 | Emerging Markets Equities | FEDAX vs DEMAX | |
| Fidelity Select Semiconductors Portfolio | 0.62 | 0.56 | 0.57 | 96 | Semiconductors, Technology Equities | FEDAX vs FSELX |
See all 43 diversifiers for FEDAX
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