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Federated Hermes MDT Large Cap Value Fund (FSTKX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 2026

The investment seeks to provide growth of income and capital. The fund invests primarily in the common stock of large-cap U.S. companies undervalued relative to the market. Its investment adviser's investment strategy utilizes a large-cap value approach by selecting most of its investments from companies listed in the Russell 1000 Value Index. The adviser will notify shareholders at least 60 days in advance of any change in its investment policies that would enable the fund to normally invest less than 80% of its net assets (plus any borrowings for investment purposes) in large-cap investments.

Looking to diversify beyond FSTKX? The mutual funds below have the lowest correlation with FSTKX — 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 FSTKX.

Best Diversifiers for FSTKX

2 mutual funds have low correlation with FSTKX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes High-Yield Strategy Portfolio (FHYSX) (High Yield Bonds) with a 1Y correlation of 0.24, down from 0.40 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FHYSX
Federated Hermes High-Yield Strategy Portfolio0.240.310.40
76
High Yield BondsFSTKX vs FHYSX
FIHBX
Federated Hermes Institutional High Yield Bond Fun...0.280.370.43
69
High Yield BondsFSTKX vs FIHBX
FHYTX
Federated Hermes Opportunistic High Yield Bond Fun...0.330.440.52
56
High Yield BondsFSTKX vs FHYTX
LEXCX
Voya Corporate Leaders Trust Fund0.340.560.69
68
Large Cap Value EquitiesFSTKX vs LEXCX
BUFBX
Buffalo Flexible Income Fund0.340.590.74
61
Large Cap Value EquitiesFSTKX vs BUFBX
See all 42 diversifiers for FSTKX

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