Looking to diversify beyond FEQHX? The mutual funds below have historically moved differently from FEQHX, 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 FEQHX
0 mutual funds have low correlation with FEQHX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.34, up from 0.17 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.34 | 0.17 | — | 97 | Large Cap Blend Equities | FEQHX vs SVPFX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.38 | 0.37 | — | 90 | Multistrategy, Systematic Trend, Global Equities | FEQHX vs MBXIX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.39 | 0.24 | — | 97 | Equity Market Neutral | FEQHX vs BDMIX | |
| BlackRock Global Equity Market Neutral Fund | 0.42 | 0.25 | — | 97 | Equity Market Neutral | FEQHX vs BDMAX | |
| AQR Long-Short Equity Fund | 0.48 | 0.45 | — | 78 | Long-Short | FEQHX vs QLEIX |
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