Looking to diversify beyond FESCX? The mutual funds below have historically moved differently from FESCX, 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 FESCX
3 mutual funds have low correlation with FESCX (below 0.3), 0 of which are negatively correlated. The least correlated is First Eagle High Yield Municipal Fund Class A (FEHAX) (High Yield Muni) with a 1Y correlation of 0.25, roughly unchanged from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Eagle High Yield Municipal Fund Class A | 0.25 | 0.17 | 0.31 | 52 | High Yield Muni | FESCX vs FEHAX | |
| First Eagle Short Duration High Yield Municipal Fu... | 0.27 | — | — | 63 | High Yield Muni | FESCX vs FDUAX | |
| First Eagle High Income Fund | 0.27 | 0.18 | 0.32 | 57 | High Yield Bonds | FESCX vs FEHIX | |
| Federated Hermes Clover Small Value Fund | 0.33 | 0.61 | 0.77 | 68 | Small Cap Value Equities | FESCX vs VSFAX | |
| Palm Valley Capital Fund Investor Class | 0.49 | 0.61 | 0.61 | 72 | Small Cap Value Equities | FESCX vs PVCMX |
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