Looking to diversify beyond FEIQX? The mutual funds below have the lowest correlation with FEIQX — 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 FEIQX.
Best Diversifiers for FEIQX
0 mutual funds have low correlation with FEIQX (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 0.52, down from 0.72 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.52 | 0.61 | 0.72 | 79 | Large Cap Value Equities | FEIQX vs SVAIX | |
| Buffalo Flexible Income Fund | 0.57 | 0.75 | 0.82 | 77 | Large Cap Value Equities | FEIQX vs BUFBX | |
| Hennessy Cornerstone Value Fund | 0.67 | 0.78 | 0.83 | 91 | Large Cap Value Equities | FEIQX vs HFCVX | |
| Franklin Income Fund Advisor Class | 0.67 | 0.69 | 0.77 | 91 | Diversified Portfolio | FEIQX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.71 | 0.69 | 0.76 | 86 | Diversified Portfolio | FEIQX vs FKINX |
See all 22 diversifiers for FEIQX
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