Looking to diversify beyond FEMKX? The mutual funds below have historically moved differently from FEMKX, 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 FEMKX
4 mutual funds have low correlation with FEMKX (below 0.3), 1 of which are negatively correlated. The least correlated is ProFunds UltraSector Oil & Gas Fund (ENPIX) (Leveraged Equities) with a 1Y correlation of -0.10, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraSector Oil & Gas Fund | -0.10 | 0.09 | 0.21 | 63 | Leveraged Equities | FEMKX vs ENPIX | |
| Fidelity Select Health Care Services Portfolio | 0.13 | 0.10 | 0.22 | 68 | Health & Biotech Equities | FEMKX vs FSHCX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.18 | 0.52 | 0.61 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | FEMKX vs GSIYX | |
| The Cook & Bynum Fund | 0.26 | 0.36 | 0.44 | 66 | Emerging Markets Equities | FEMKX vs COBYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.41 | 0.62 | 0.68 | 92 | Emerging Markets Equities | FEMKX vs ESCIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FEMKX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.17, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.17 | 0.01 | 0.13 | 84 | Energy | |
| Entergy Corporation | 0.13 | 0.11 | 0.11 | 78 | Utilities | |
| Cisco Systems, Inc. | 0.30 | 0.33 | 0.37 | 93 | Technology |
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