Looking to diversify beyond FMIYX? The mutual funds below have historically moved differently from FMIYX, 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 FMIYX
0 mutual funds have low correlation with FMIYX (below 0.3), 0 of which are negatively correlated. The least correlated is Kopernik International Fund (KGIIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.38, roughly unchanged from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Kopernik International Fund | 0.38 | 0.31 | 0.43 | 66 | Foreign Large Cap Equities | FMIYX vs KGIIX | |
| Federated Hermes International Strategic Value Div... | 0.42 | 0.46 | 0.57 | 88 | Foreign Large Cap Equities | FMIYX vs IVFIX | |
| EuroPac International Dividend Income Fund Class A | 0.44 | 0.47 | 0.53 | 86 | Foreign Large Cap Equities, Dividend | FMIYX vs EPDPX | |
| EuroPac International Dividend Income Fund | 0.45 | 0.47 | 0.53 | 87 | Foreign Large Cap Equities | FMIYX vs EPDIX | |
| American Beacon Tocqueville International Value Fu... | 0.46 | 0.53 | 0.65 | 52 | Foreign Large Cap Equities | FMIYX vs TIVFX |
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