Looking to diversify beyond FEYAX? The mutual funds below have the lowest correlation with FEYAX — 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 FEYAX.
Best Diversifiers for FEYAX
2 mutual funds have low correlation with FEYAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.21, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.21 | -0.03 | 0.10 | 60 | Diversified Portfolio | FEYAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.00 | 0.14 | 0.50 | 67 | Diversified Portfolio | FEYAX vs MHELX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.35 | 0.20 | 0.12 | 96 | Equity Market Neutral | FEYAX vs BDMIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.56 | 0.62 | 86 | Diversified Portfolio | FEYAX vs FCSRX | |
| Concorde Wealth Management Fund | 0.38 | 0.59 | 0.71 | 73 | Diversified Portfolio | FEYAX vs CONWX |
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