Looking to diversify beyond FFEIX? The mutual funds below have the lowest correlation with FFEIX — 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 FFEIX.
Best Diversifiers for FFEIX
3 mutual funds have low correlation with FFEIX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen High Yield Municipal Bond Fund (NHMRX) (High Yield Muni) with a 1Y correlation of 0.24, up from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen High Yield Municipal Bond Fund | 0.24 | 0.15 | 0.11 | 61 | High Yield Muni | FFEIX vs NHMRX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.25 | 0.15 | 0.12 | 62 | High Yield Muni | FFEIX vs NVHIX | |
| Voya Corporate Leaders Trust Fund | 0.29 | 0.55 | 0.69 | 53 | Large Cap Value Equities | FFEIX vs LEXCX | |
| Nuveen Preferred Securities & Income Fund | 0.37 | 0.36 | 0.37 | 76 | Preferred Stock/Convertible Bonds | FFEIX vs NPSRX | |
| Federated Hermes Strategic Value Dividend Fund | 0.48 | 0.57 | 0.71 | 70 | Large Cap Value Equities | FFEIX vs SVAIX |
See all 37 diversifiers for FFEIX
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Diversification Analysis
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