Looking to diversify beyond FOSKX? The mutual funds below have historically moved differently from FOSKX, 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 FOSKX
0 mutual funds have low correlation with FOSKX (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 | FOSKX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.46 | 0.70 | 0.75 | 61 | Foreign Large Cap Equities | FOSKX vs GSIMX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.47 | 0.70 | 0.75 | 61 | Foreign Large Cap Equities | FOSKX vs GSINX | |
| GQG Partners International Quality Dividend Income... | 0.49 | 0.64 | 0.66 | 71 | Quality Factor, Foreign Large Cap Equities | FOSKX vs GQJPX | |
| PIMCO RAE PLUS International Fund | 0.53 | 0.56 | 0.60 | 95 | Foreign Large Cap Equities | FOSKX vs PTSIX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FOSKX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Fortinet, Inc. (FTNT) (Technology) with a 1Y correlation of 0.23, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortinet, Inc. | 0.23 | 0.34 | 0.46 | 81 | Technology | |
| Celestica Inc. | 0.38 | 0.42 | 0.48 | 73 | Technology | |
| NVIDIA Corporation | 0.42 | 0.43 | 0.53 | 56 | Technology | |
| Amazon.com, Inc | 0.46 | 0.43 | 0.50 | 60 | Consumer Cyclical | |
| Alphabet Inc. Class A | 0.46 | 0.39 | 0.49 | 95 | Communication Services |
Build a portfolio that complements FOSKX
Add FOSKX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FOSKX