Looking to diversify beyond FEVIX? The mutual funds below have the lowest correlation with FEVIX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FEVIX.
Best Diversifiers for FEVIX
1 mutual funds have low correlation with FEVIX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.01, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.15 | 0.48 | 67 | Diversified Portfolio | FEVIX vs MHELX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.37 | 0.36 | 0.39 | 99 | Diversified Portfolio | FEVIX vs STDAX | |
| Federated Hermes Strategic Value Dividend Fund | 0.44 | 0.55 | 0.67 | 78 | Large Cap Value Equities | FEVIX vs SVAIX | |
| Allspring Diversified Capital Builder Fund | 0.50 | 0.64 | 0.74 | 95 | Diversified Portfolio | FEVIX vs EKBAX | |
| Thornburg Investment Income Builder Fund Class I | 0.57 | 0.65 | 0.74 | 98 | Diversified Portfolio | FEVIX vs TIBIX |
See all 32 diversifiers for FEVIX
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Diversification Analysis
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