Looking to diversify beyond FSUVX? The mutual funds below have the lowest correlation with FSUVX — 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 FSUVX.
Best Diversifiers for FSUVX
4 mutual funds have low correlation with FSUVX (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 0.24, down from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT All Cap Core Fund | 0.24 | 0.49 | 0.68 | 51 | Large Cap Blend Equities | FSUVX vs QIACX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.24 | 0.49 | 0.68 | 51 | Large Cap Blend Equities | FSUVX vs QKACX | |
| Fidelity Select Semiconductors Portfolio | 0.26 | 0.41 | 0.52 | 92 | Semiconductors, Technology Equities | FSUVX vs FSELX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.27 | 0.16 | 0.16 | 95 | Large Cap Blend Equities | FSUVX vs SVPFX | |
| Fidelity Emerging Markets Index Fund | 0.33 | 0.42 | 0.46 | 75 | Emerging Markets Diversified | FSUVX vs FPADX |
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