Looking to diversify beyond FRDTX? The mutual funds below have the lowest correlation with FRDTX — 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 FRDTX.
Best Diversifiers for FRDTX
3 mutual funds have low correlation with FRDTX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT All Cap Core Fund (QIACX) (Large Cap Blend Equities) with a 1Y correlation of 0.21, down from 0.72 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT All Cap Core Fund | 0.21 | 0.52 | 0.72 | 56 | Large Cap Blend Equities | FRDTX vs QIACX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.21 | 0.52 | 0.72 | 56 | Large Cap Blend Equities | FRDTX vs QKACX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.26 | 0.11 | 0.12 | 73 | Large Cap Blend Equities | FRDTX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.40 | 0.32 | 0.41 | 72 | Large Cap Blend Equities | FRDTX vs ORDNX | |
| First Eagle Overseas Fund Class I | 0.61 | 0.59 | 0.64 | 57 | Large Cap Blend Equities, Foreign Large Cap Equities | FRDTX vs SGOIX |
See all 39 diversifiers for FRDTX
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