Looking to diversify beyond FEIFX? The mutual funds below have the lowest correlation with FEIFX — 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 FEIFX.
Best Diversifiers for FEIFX
1 mutual funds have low correlation with FEIFX (below 0.3), 0 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of 0.27, down from 0.70 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.27 | 0.57 | 0.70 | 68 | Large Cap Value Equities | FEIFX vs LEXCX | |
| AMG Yacktman Focused Fund | 0.43 | 0.64 | 0.76 | 86 | Large Cap Value Equities | FEIFX vs YAFFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.48 | 0.59 | 0.71 | 86 | Large Cap Value Equities | FEIFX vs SVAIX | |
| Buffalo Flexible Income Fund | 0.52 | 0.73 | 0.81 | 61 | Large Cap Value Equities | FEIFX vs BUFBX | |
| AMG Yacktman Fund | 0.60 | 0.76 | 0.84 | 86 | Large Cap Value Equities | FEIFX vs YACKX |
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