Looking to diversify beyond FINSX? The mutual funds below have historically moved differently from FINSX, 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 FINSX
1 mutual funds have low correlation with FINSX (below 0.3), 1 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 -0.09, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | -0.09 | 0.12 | 0.33 | 94 | Large Cap Value Equities | FINSX vs SVAIX | |
| Vanguard Small-Cap Value Index Fund Admiral Shares | 0.51 | 0.57 | 0.68 | 77 | Small Cap Value Equities | FINSX vs VSIAX | |
| Carillon Eagle Growth & Income Fund | 0.59 | 0.66 | 0.75 | 67 | Large Cap Value Equities | FINSX vs HRCVX | |
| Putnam Large Cap Value Fund | 0.60 | 0.62 | 0.73 | 93 | Large Cap Value Equities | FINSX vs PEIYX | |
| Davis New York Venture Fund Class Y | 0.67 | 0.73 | 0.80 | 90 | Large Cap Growth Equities | FINSX vs DNVYX |
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