Looking to diversify beyond FEPIX? The mutual funds below have historically moved differently from FEPIX, 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 FEPIX
8 mutual funds have low correlation with FEPIX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.10, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.10 | 0.06 | 0.09 | 80 | Semiconductors, Technology Equities | FEPIX vs FSELX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.18 | -0.21 | -0.26 | 99 | Total Bond Market | FEPIX vs JSOSX | |
| Federated Hermes Strategic Value Dividend Fund | 0.18 | 0.31 | 0.23 | 94 | Large Cap Value Equities | FEPIX vs SVAIX | |
| American Century Equity Income Fund Class I | 0.27 | 0.25 | 0.20 | 84 | Dividend, Large Cap Value Equities | FEPIX vs ACIIX | |
| Columbia Dividend Income Fund | 0.27 | 0.23 | 0.18 | 90 | Large Cap Value Equities | FEPIX vs GSFTX |
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