Looking to diversify beyond FSWCX? The mutual funds below have the lowest correlation with FSWCX — 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 FSWCX.
Best Diversifiers for FSWCX
1 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) (Large Cap Value Equities) with a 1Y correlation of 0.12, down from 0.74 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.12 | 0.54 | 0.74 | 65 | Large Cap Value Equities | FSWCX vs LEIFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.40 | 0.57 | 0.70 | 78 | Large Cap Value Equities | FSWCX vs SVAIX | |
| Fidelity Select Semiconductors Portfolio | 0.46 | 0.48 | 0.57 | 96 | Semiconductors, Technology Equities | FSWCX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.51 | 0.53 | 0.63 | 73 | Large Cap Growth Equities | FSWCX vs FBGRX | |
| Rational Equity Armor Fund | 0.57 | 0.59 | 0.68 | 55 | Large Cap Value Equities | FSWCX vs HDCTX |
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