Looking to diversify beyond FSWCX? The mutual funds below have historically moved differently from FSWCX, 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 FSWCX
3 mutual funds have low correlation with FSWCX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Dividend) with a 1Y correlation of 0.19, down from 0.74 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.19 | 0.53 | 0.74 | 72 | Dividend, Large Cap Value Equities | FSWCX vs LEIFX | |
| GQG Partners US Quality Dividend Income Fund | 0.19 | 0.51 | 0.66 | 62 | Quality Factor, Large Cap Value Equities | FSWCX vs GQHPX | |
| Voya Corporate Leaders Trust Fund | 0.28 | 0.59 | 0.71 | 93 | Large Cap Value Equities | FSWCX vs LEXCX | |
| Federated Hermes Strategic Value Dividend Fund | 0.36 | 0.56 | 0.69 | 94 | Large Cap Value Equities | FSWCX vs SVAIX | |
| Fidelity Select Semiconductors Portfolio | 0.42 | 0.46 | 0.56 | 80 | Semiconductors, Technology Equities | FSWCX vs FSELX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FSWCX
Add FSWCX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FSWCX