Looking to diversify beyond FIDEX? The mutual funds below have the lowest correlation with FIDEX — 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 FIDEX.
Best Diversifiers for FIDEX
3 mutual funds have low correlation with FIDEX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.25, up from 0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.25 | 0.13 | — | 73 | Large Cap Blend Equities | FIDEX vs SVPFX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.28 | 0.59 | — | 56 | Large Cap Blend Equities | FIDEX vs QKACX | |
| Federated Hermes MDT All Cap Core Fund | 0.30 | 0.60 | — | 56 | Large Cap Blend Equities | FIDEX vs QIACX | |
| North Square Preferred and Income Securities Fund | 0.48 | 0.36 | — | 72 | Large Cap Blend Equities | FIDEX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.60 | 0.71 | 0.79 | 56 | Large Cap Blend Equities | FIDEX vs RCKSX |
See all 45 diversifiers for FIDEX
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