Looking to diversify beyond FSTKX? The mutual funds below have historically moved differently from FSTKX, 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 FSTKX
6 mutual funds have low correlation with FSTKX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes MDT Market Neutral A (QAMNX) (Long-Short) with a 1Y correlation of -0.01, down from 0.10 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Market Neutral A | -0.01 | 0.10 | — | 54 | Long-Short | FSTKX vs QAMNX | |
| GQG Partners US Quality Dividend Income Fund | 0.05 | 0.45 | 0.62 | 62 | Quality Factor, Large Cap Value Equities | FSTKX vs GQHPX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.25 | 0.31 | 0.40 | 74 | High Yield Bonds | FSTKX vs FHYSX | |
| Voya Corporate Leaders Trust Fund | 0.29 | 0.54 | 0.68 | 93 | Large Cap Value Equities | FSTKX vs LEXCX | |
| Federated Hermes Institutional High Yield Bond Fun... | 0.29 | 0.36 | 0.43 | 64 | High Yield Bonds | FSTKX vs FIHBX |
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