Looking to diversify beyond FOSFX? The mutual funds below have historically moved differently from FOSFX, 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 FOSFX
0 mutual funds have low correlation with FOSFX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.41, down from 0.62 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.41 | 0.51 | 0.62 | 88 | Foreign Large Cap Equities | FOSFX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.46 | 0.70 | 0.75 | 61 | Foreign Large Cap Equities | FOSFX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.46 | 0.70 | 0.75 | 61 | Foreign Large Cap Equities | FOSFX vs GSIMX | |
| GQG Partners International Quality Dividend Income... | 0.49 | 0.64 | 0.66 | 71 | Quality Factor, Foreign Large Cap Equities | FOSFX vs GQJPX | |
| Kopernik International Fund | 0.52 | 0.42 | 0.53 | 66 | Foreign Large Cap Equities | FOSFX vs KGIIX |
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