Looking to diversify beyond FOF? The mutual funds below have the lowest correlation with FOF — 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 FOF.
Best Diversifiers for FOF
8 mutual funds have low correlation with FOF (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 0.15, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.15 | 0.30 | 0.40 | 65 | Large Cap Value Equities | FOF vs LEIFX | |
| Cohen & Steers MLP & Energy Opportunity Fund, Inc. | 0.16 | 0.29 | 0.33 | 95 | Energy Equities | FOF vs MLOZX | |
| Federated Hermes Strategic Value Dividend Fund | 0.23 | 0.31 | 0.36 | 78 | Large Cap Value Equities | FOF vs SVAIX | |
| Cohen & Steers Global Infrastructure Fund, Inc. | 0.24 | 0.32 | 0.39 | 53 | Energy Equities | FOF vs CSUIX | |
| Hennessy Cornerstone Value Fund | 0.24 | 0.32 | 0.38 | 81 | Large Cap Value Equities | FOF vs HFCVX |
See all 41 diversifiers for FOF
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Diversification Analysis
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