Looking to diversify beyond FICMX? The mutual funds below have the lowest correlation with FICMX — 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 FICMX.
Best Diversifiers for FICMX
5 mutual funds have low correlation with FICMX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of 0.17, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.17 | 0.26 | 0.19 | 86 | Large Cap Value Equities | FICMX vs SVAIX | |
| DFA Short-Term Government Portfolio | 0.18 | 0.05 | 0.30 | 68 | Government Bonds | FICMX vs DFFGX | |
| Integrity Short Term Government Fund | 0.22 | 0.63 | 0.72 | 91 | Government Bonds | FICMX vs MDSIX | |
| GMO U.S. Treasury Fund | 0.24 | 0.11 | 0.07 | 99 | Government Bonds | FICMX vs GUSTX | |
| DFA Emerging Markets Value Portfolio | 0.28 | 0.15 | 0.11 | 77 | Emerging Markets Diversified | FICMX vs DFEVX |
See all 17 diversifiers for FICMX
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