Looking to diversify beyond FIDLX? The mutual funds below have historically moved differently from FIDLX, 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 FIDLX
30 mutual funds have low correlation with FIDLX (below 0.3), 2 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of -0.06, down from 0.59 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | -0.06 | 0.37 | 0.59 | 93 | Large Cap Value Equities | FIDLX vs LEXCX | |
| GQG Partners US Quality Dividend Income Fund | -0.04 | 0.45 | 0.62 | 62 | Quality Factor, Large Cap Value Equities | FIDLX vs GQHPX | |
| Federated Hermes Strategic Value Dividend Fund | 0.00 | 0.33 | 0.55 | 94 | Large Cap Value Equities | FIDLX vs SVAIX | |
| Hennessy Cornerstone Value Fund | 0.13 | 0.50 | 0.69 | 95 | Large Cap Value Equities | FIDLX vs HFCVX | |
| SA U.S. Value Fund | 0.14 | 0.56 | 0.77 | 97 | Large Cap Value Equities | FIDLX vs SABTX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FIDLX
Add FIDLX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FIDLX