Looking to diversify beyond FEYTX? The mutual funds below have the lowest correlation with FEYTX — 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 FEYTX.
Best Diversifiers for FEYTX
1 mutual funds have low correlation with FEYTX (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 0.04, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.16 | 0.51 | 67 | Diversified Portfolio | FEYTX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.35 | 0.19 | 0.12 | 95 | Long-Short | FEYTX vs BDMIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.56 | 0.62 | 86 | Diversified Portfolio | FEYTX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.57 | 0.62 | 82 | Diversified Portfolio | FEYTX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.56 | 0.62 | 88 | Diversified Portfolio | FEYTX vs FIQDX |
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