Looking to diversify beyond FEDDX? The mutual funds below have historically moved differently from FEDDX, 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 FEDDX
0 mutual funds have low correlation with FEDDX (below 0.3), 0 of which are negatively correlated. The least correlated is The Cook & Bynum Fund (COBYX) (Emerging Markets Equities) with a 1Y correlation of 0.32, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Cook & Bynum Fund | 0.32 | 0.41 | 0.50 | 62 | Emerging Markets Equities | FEDDX vs COBYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.45 | 0.65 | 0.72 | 96 | Emerging Markets Equities | FEDDX vs ESCIX | |
| Fidelity Small Cap Value Fund | 0.52 | 0.52 | 0.57 | 90 | Small Cap Value Equities | FEDDX vs FCPVX | |
| Pzena Emerging Markets Value Fund Institutional Cl... | 0.53 | 0.65 | 0.69 | 67 | Emerging Markets Equities | FEDDX vs PZIEX | |
| Fidelity Mid Cap Index Fund | 0.56 | 0.55 | 0.61 | 67 | Mid Cap Blend Equities | FEDDX vs FSMDX |
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