Looking to diversify beyond FEIQX? The mutual funds below have historically moved differently from FEIQX, 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 FEIQX
1 mutual funds have low correlation with FEIQX (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 0.26, down from 0.68 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.26 | 0.55 | 0.68 | 93 | Large Cap Value Equities | FEIQX vs LEXCX | |
| Allspring Emerging Markets Equity Income Fund | 0.36 | 0.40 | 0.49 | 63 | Dividend, Emerging Markets Equities | FEIQX vs EQIIX | |
| AMG Yacktman Focused Fund | 0.39 | 0.63 | 0.75 | 89 | Large Cap Value Equities | FEIQX vs YAFFX | |
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.47 | 0.59 | 0.71 | 93 | Dividend | FEIQX vs SVAAX | |
| Federated Hermes Strategic Value Dividend Fund | 0.48 | 0.59 | 0.71 | 94 | Large Cap Value Equities | FEIQX vs SVAIX |
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