Looking to diversify beyond FIIIX? The mutual funds below have the lowest correlation with FIIIX — 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 FIIIX.
Best Diversifiers for FIIIX
0 mutual funds have low correlation with FIIIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.38, down from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.38 | 0.46 | 0.59 | 61 | Foreign Large Cap Equities | FIIIX vs IVFIX | |
| PIMCO RAE PLUS International Fund | 0.49 | 0.50 | 0.55 | 82 | Foreign Large Cap Equities | FIIIX vs PTSIX | |
| BlackRock Strategic Income Opportunities Fund Clas... | 0.54 | 0.38 | 0.40 | 67 | Total Bond Market | FIIIX vs BSIIX | |
| SA International Value Fund | 0.55 | 0.54 | 0.63 | 89 | Foreign Large Cap Equities | FIIIX vs SAHMX | |
| EuroPac International Dividend Income Fund Class A | 0.58 | 0.55 | 0.61 | 75 | Foreign Large Cap Equities, Dividend | FIIIX vs EPDPX |
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