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
11 mutual funds have low correlation with FOF (below 0.3), 1 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of -0.02, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | -0.02 | 0.21 | 0.30 | 68 | Large Cap Value Equities | FOF vs LEXCX | |
| Federated Hermes Equity Income Fund | 0.11 | 0.29 | 0.39 | 71 | Large Cap Value Equities | FOF vs LEIFX | |
| Buffalo Flexible Income Fund | 0.12 | 0.30 | 0.37 | 61 | Large Cap Value Equities | FOF vs BUFBX | |
| Cohen & Steers MLP & Energy Opportunity Fund, Inc. | 0.16 | 0.30 | 0.33 | 97 | Energy Equities | FOF vs MLOZX | |
| Cohen & Steers Global Infrastructure Fund, Inc. | 0.18 | 0.31 | 0.39 | 77 | Energy Equities | FOF vs CSUIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FOF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FOF and solid risk/return profiles. The least correlated is DNP Select Income Fund Inc. (DNP) (Financial Services) with a 1Y correlation of 0.15, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DNP Select Income Fund Inc. | 0.15 | 0.25 | 0.29 | 92 | Financial Services | |
| Cohen & Steers Quality Income Realty Fund, Inc. | 0.37 | 0.42 | 0.48 | 60 | Financial Services |
Build a portfolio that complements FOF
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