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
0 mutual funds have low correlation with FEIFX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of 0.51, down from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.51 | 0.60 | 0.71 | 78 | Large Cap Value Equities | FEIFX vs SVAIX | |
| Hennessy Cornerstone Value Fund | 0.67 | 0.78 | 0.83 | 81 | Large Cap Value Equities | FEIFX vs HFCVX | |
| Franklin Income Fund Advisor Class | 0.67 | 0.69 | 0.77 | 89 | Diversified Portfolio | FEIFX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.72 | 0.69 | 0.76 | 84 | Diversified Portfolio | FEIFX vs FKINX | |
| PIMCO RAE US Fund | 0.74 | 0.81 | 0.85 | 92 | Large Cap Value Equities | FEIFX vs PKAIX |
See all 27 diversifiers for FEIFX
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