Looking to diversify beyond FHLFX? The mutual funds below have historically moved differently from FHLFX, 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 FHLFX
0 mutual funds have low correlation with FHLFX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.49, down from 0.72 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.49 | 0.62 | 0.72 | 88 | Foreign Large Cap Equities | FHLFX vs IVFIX | |
| Pear Tree Polaris Foreign Value Fund | 0.50 | 0.63 | 0.70 | 91 | Foreign Large Cap Equities | FHLFX vs QFVOX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.55 | 0.73 | 0.80 | 51 | Foreign Large Cap Equities, Emerging Markets Equities | FHLFX vs GSIYX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.55 | 0.73 | 0.80 | 54 | Foreign Large Cap Equities | FHLFX vs GSIMX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.55 | 0.73 | 0.80 | 53 | Foreign Large Cap Equities | FHLFX vs GSINX |
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