Looking to diversify beyond FIGTX? The mutual funds below have the lowest correlation with FIGTX — 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 FIGTX.
Best Diversifiers for FIGTX
5 mutual funds have low correlation with FIGTX (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 0.12, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.12 | 0.22 | 0.14 | 86 | Large Cap Value Equities | FIGTX vs SVAIX | |
| DFA Short-Term Government Portfolio | 0.23 | 0.05 | 0.37 | 99 | Government Bonds | FIGTX vs DFFGX | |
| Integrity Short Term Government Fund | 0.24 | 0.59 | 0.70 | 91 | Government Bonds | FIGTX vs MDSIX | |
| Federated Hermes MDT All Cap Core Fund | 0.27 | 0.15 | 0.10 | 51 | Large Cap Blend Equities | FIGTX vs QIACX | |
| GMO U.S. Treasury Fund | 0.27 | 0.18 | 0.12 | 99 | Government Bonds | FIGTX vs GUSTX |
See all 15 diversifiers for FIGTX
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