Looking to diversify beyond FEKFX? The mutual funds below have the lowest correlation with FEKFX — 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 FEKFX.
Best Diversifiers for FEKFX
1 mutual funds have low correlation with FEKFX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.26, down from 0.79 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.26 | 0.60 | 0.79 | 67 | Large Cap Value Equities | FEKFX vs LEIFX | |
| Fidelity Select Semiconductors Portfolio | 0.38 | 0.44 | 0.54 | 96 | Semiconductors, Technology Equities | FEKFX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.45 | 0.51 | 0.62 | 68 | Large Cap Growth Equities | FEKFX vs FBGRX | |
| Fidelity Blue Chip Growth K6 Fund | 0.45 | 0.52 | 0.62 | 66 | Large Cap Growth Equities | FEKFX vs FBCGX | |
| Rational Equity Armor Fund | 0.55 | 0.61 | 0.71 | 56 | Large Cap Value Equities | FEKFX vs HDCTX |
See all 43 diversifiers for FEKFX
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