Looking to diversify beyond FMILX? The mutual funds below have the lowest correlation with FMILX — 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 FMILX.
Best Diversifiers for FMILX
3 mutual funds have low correlation with FMILX (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 0.09, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.09 | 0.26 | 0.50 | 78 | Large Cap Value Equities | FMILX vs SVAIX | |
| Federated Hermes Equity Income Fund | 0.10 | 0.45 | 0.70 | 65 | Large Cap Value Equities | FMILX vs LEIFX | |
| Hennessy Cornerstone Value Fund | 0.25 | 0.43 | 0.65 | 81 | Large Cap Value Equities | FMILX vs HFCVX | |
| Smead Value Fund | 0.30 | 0.53 | 0.71 | 62 | Large Cap Value Equities | FMILX vs SMVLX | |
| American Century Equity Income Fund Class I | 0.42 | 0.48 | 0.66 | 52 | Large Cap Value Equities | FMILX vs ACIIX |
See all 61 diversifiers for FMILX
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