Looking to diversify beyond FTTEX? The mutual funds below have the lowest correlation with FTTEX — 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 FTTEX.
Best Diversifiers for FTTEX
0 mutual funds have low correlation with FTTEX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.46, down from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.46 | 0.54 | 0.65 | 61 | Foreign Large Cap Equities | FTTEX vs IVFIX | |
| SA International Value Fund | 0.65 | 0.66 | 0.74 | 89 | Foreign Large Cap Equities | FTTEX vs SAHMX | |
| Fidelity Select Semiconductors Portfolio | 0.68 | 0.64 | 0.67 | 92 | Semiconductors, Technology Equities | FTTEX vs FSELX | |
| Thornburg Global Opportunities Fund | 0.68 | 0.79 | 0.84 | 86 | Foreign Large Cap Equities | FTTEX vs THOIX | |
| Fidelity Blue Chip Growth Fund | 0.73 | 0.69 | 0.72 | 61 | Large Cap Growth Equities | FTTEX vs FBGRX |
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