Looking to diversify beyond FEYCX? The mutual funds below have the lowest correlation with FEYCX — 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 FEYCX.
Best Diversifiers for FEYCX
2 mutual funds have low correlation with FEYCX (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 0.12 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 | -0.01 | 0.12 | 73 | Diversified Portfolio | FEYCX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.18 | 0.52 | 64 | Diversified Portfolio | FEYCX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.32 | 0.19 | 0.11 | 92 | Long-Short | FEYCX vs BDMIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.57 | 0.62 | 96 | Diversified Portfolio | FEYCX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.57 | 0.62 | 95 | Diversified Portfolio | FEYCX vs FCSRX |
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