Looking to diversify beyond FISEX? The mutual funds below have the lowest correlation with FISEX — 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 FISEX.
Best Diversifiers for FISEX
1 mutual funds have low correlation with FISEX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.23, down from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.23 | 0.59 | 0.78 | 65 | Large Cap Value Equities | FISEX vs LEIFX | |
| Fidelity Select Semiconductors Portfolio | 0.49 | 0.49 | 0.57 | 96 | Semiconductors, Technology Equities | FISEX vs FSELX | |
| Federated Hermes Strategic Value Dividend Fund | 0.51 | 0.60 | 0.71 | 78 | Large Cap Value Equities | FISEX vs SVAIX | |
| Rational Equity Armor Fund | 0.61 | 0.62 | 0.72 | 55 | Large Cap Value Equities | FISEX vs HDCTX | |
| Hennessy Cornerstone Value Fund | 0.66 | 0.78 | 0.83 | 81 | Large Cap Value Equities | FISEX vs HFCVX |
See all 37 diversifiers for FISEX
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