Looking to diversify beyond FEUGX? The mutual funds below have historically moved differently from FEUGX, 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 FEUGX
13 mutual funds have low correlation with FEUGX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Market Neutral A (QAMNX) (Long-Short) with a 1Y correlation of 0.02, roughly unchanged from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Market Neutral A | 0.02 | -0.03 | -0.03 | 54 | Long-Short | FEUGX vs QAMNX | |
| Federated Hermes Strategic Value Dividend Fund | 0.02 | 0.16 | 0.10 | 94 | Large Cap Value Equities | FEUGX vs SVAIX | |
| DFA Short-Term Government Portfolio | 0.13 | 0.05 | 0.16 | 99 | Government Bonds | FEUGX vs DFFGX | |
| Integrity Short Term Government Fund | 0.14 | 0.42 | 0.43 | 89 | Government Bonds | FEUGX vs MDSIX | |
| Vanguard Emerging Markets Government Bond Index Fu... | 0.17 | 0.39 | 0.38 | 59 | Government Bonds | FEUGX vs VGAVX |
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