Looking to diversify beyond FSQIX? The mutual funds below have the lowest correlation with FSQIX — 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 FSQIX.
Best Diversifiers for FSQIX
0 mutual funds have low correlation with FSQIX (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 0.48, roughly unchanged from 0.55 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.48 | 0.55 | — | 61 | Foreign Large Cap Equities | FSQIX vs IVFIX | |
| PIMCO RAE PLUS International Fund | 0.57 | 0.60 | — | 82 | Foreign Large Cap Equities | FSQIX vs PTSIX | |
| Thornburg Global Opportunities Fund | 0.62 | 0.72 | — | 86 | Foreign Large Cap Equities | FSQIX vs THOIX | |
| SA International Value Fund | 0.63 | 0.64 | — | 89 | Foreign Large Cap Equities | FSQIX vs SAHMX | |
| EuroPac International Dividend Income Fund | 0.64 | 0.64 | — | 76 | Foreign Large Cap Equities | FSQIX vs EPDIX |
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