Looking to diversify beyond FEDAX? The mutual funds below have historically moved differently from FEDAX, 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 FEDAX
0 mutual funds have low correlation with FEDAX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.33, down from 0.63 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.33 | 0.52 | 0.63 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | FEDAX vs GSIYX | |
| The Cook & Bynum Fund | 0.36 | 0.42 | 0.50 | 66 | Emerging Markets Equities | FEDAX vs COBYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.46 | 0.66 | 0.72 | 92 | Emerging Markets Equities | FEDAX vs ESCIX | |
| Pzena Emerging Markets Value Fund Institutional Cl... | 0.55 | 0.66 | 0.69 | 57 | Emerging Markets Equities | FEDAX vs PZIEX | |
| Delaware Emerging Markets Fund | 0.61 | 0.68 | 0.75 | 91 | Emerging Markets Equities | FEDAX vs DEMIX |
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