Looking to diversify beyond FIDLX? The mutual funds below have the lowest correlation with FIDLX — 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 FIDLX.
Best Diversifiers for FIDLX
5 mutual funds have low correlation with FIDLX (below 0.3), 1 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of -0.01, down from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | -0.01 | 0.40 | 0.61 | 52 | Large Cap Value Equities | FIDLX vs LEXCX | |
| Hennessy Cornerstone Value Fund | 0.20 | 0.53 | 0.72 | 88 | Large Cap Value Equities | FIDLX vs HFCVX | |
| SA U.S. Value Fund | 0.21 | 0.60 | 0.79 | 95 | Large Cap Value Equities | FIDLX vs SABTX | |
| Smead Value Fund | 0.23 | 0.61 | 0.76 | 65 | Large Cap Value Equities | FIDLX vs SMVLX | |
| Buffalo Flexible Income Fund | 0.26 | 0.61 | 0.76 | 71 | Large Cap Value Equities | FIDLX vs BUFBX |
See all 40 diversifiers for FIDLX
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