Looking to diversify beyond FEDDX? The mutual funds below have the lowest correlation with FEDDX — 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 FEDDX.
Best Diversifiers for FEDDX
0 mutual funds have low correlation with FEDDX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Small Cap Value Fund (FCPVX) (Small Cap Value Equities) with a 1Y correlation of 0.52, roughly unchanged from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Small Cap Value Fund | 0.52 | 0.52 | 0.57 | 59 | Small Cap Value Equities | FEDDX vs FCPVX | |
| Pzena Emerging Markets Value Fund Institutional Cl... | 0.53 | 0.66 | 0.69 | 79 | Emerging Markets Equities | FEDDX vs PZIEX | |
| Fidelity Growth & Income Portfolio | 0.56 | 0.59 | 0.63 | 58 | Large Cap Value Equities | FEDDX vs FGRIX | |
| Nomura Emerging Markets Fund Class C | 0.59 | 0.70 | 0.76 | 98 | Emerging Markets Equities | FEDDX vs DEMCX | |
| Nomura Emerging Markets Fund Class A | 0.59 | 0.70 | 0.76 | 98 | Emerging Markets Equities | FEDDX vs DEMAX |
See all 55 diversifiers for FEDDX
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Diversification Analysis
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