Looking to diversify beyond FEYTX? The mutual funds below have historically moved differently from FEYTX, 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 FEYTX
2 mutual funds have low correlation with FEYTX (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 -0.26, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.26 | -0.06 | 0.08 | 69 | Diversified Portfolio | FEYTX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.13 | 0.48 | 73 | Diversified Portfolio | FEYTX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.53 | 0.61 | 88 | Diversified Portfolio | FEYTX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.54 | 0.61 | 85 | Diversified Portfolio | FEYTX vs FCSRX | |
| Concorde Wealth Management Fund | 0.35 | 0.58 | 0.70 | 82 | Diversified Portfolio | FEYTX vs CONWX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FEYTX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.64 | 0.69 | 0.76 | 88 |
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