Looking to diversify beyond FEHAX? The mutual funds below have the lowest correlation with FEHAX — 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 FEHAX.
Best Diversifiers for FEHAX
2 mutual funds have low correlation with FEHAX (below 0.3), 0 of which are negatively correlated. The least correlated is First Eagle Small Cap Opportunity Fund (FESCX) (Small Cap Value Equities) with a 1Y correlation of 0.20, roughly unchanged from 0.18 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Eagle Small Cap Opportunity Fund | 0.20 | 0.18 | — | 89 | Small Cap Value Equities | FEHAX vs FESCX | |
| First Eagle Overseas Fund Class I | 0.30 | 0.26 | 0.36 | 51 | Large Cap Blend Equities, Foreign Large Cap Equities | FEHAX vs SGOIX | |
| First Eagle Global Income Builder Fund | 0.33 | 0.33 | 0.42 | 60 | Global Allocation | FEHAX vs FEBIX | |
| Counterpoint Tactical Municipal Fund | 0.62 | 0.57 | 0.45 | 69 | High Yield Muni | FEHAX vs TMNIX | |
| Federated Hermes Municipal High Yield Advtg Fd | 0.63 | 0.67 | 0.58 | 91 | High Yield Muni | FEHAX vs FHTFX |
See all 21 diversifiers for FEHAX
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