Looking to diversify beyond FMBPX? The mutual funds below have the lowest correlation with FMBPX — 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 FMBPX.
Best Diversifiers for FMBPX
2 mutual funds have low correlation with FMBPX (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 0.15, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.15 | 0.25 | 0.20 | 70 | Large Cap Value Equities | FMBPX vs SVAIX | |
| Federated Hermes MDT All Cap Core Fund | 0.27 | 0.22 | 0.17 | 56 | Large Cap Blend Equities | FMBPX vs QIACX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | 0.36 | 0.72 | 0.81 | 55 | Intermediate Core Bond | FMBPX vs PCGTX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.44 | 0.49 | 0.43 | 71 | High Yield Bonds | FMBPX vs FHYSX | |
| Loomis Sayles Securitized Asset Fund | 0.46 | 0.75 | 0.83 | 65 | Intermediate Core Bond | FMBPX vs LSSAX |
See all 7 diversifiers for FMBPX
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