Looking to diversify beyond FTZIX? The mutual funds below have historically moved differently from FTZIX, 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 FTZIX
3 mutual funds have low correlation with FTZIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT All Cap Core Fund Class R6 (QKACX) (Large Cap Blend Equities) with a 1Y correlation of 0.26, down from 0.72 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.26 | 0.50 | 0.72 | 50 | Large Cap Blend Equities | FTZIX vs QKACX | |
| Aegis Value Fund Class I | 0.26 | 0.37 | 0.46 | 94 | Small Cap Value Equities | FTZIX vs AVALX | |
| Federated Hermes MDT All Cap Core Fund | 0.26 | 0.50 | 0.72 | 53 | Large Cap Blend Equities | FTZIX vs QIACX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.33 | 0.13 | 0.12 | 97 | Large Cap Blend Equities | FTZIX vs SVPFX | |
| Barrett Opportunity Fund | 0.43 | 0.63 | 0.75 | 81 | Large Cap Blend Equities | FTZIX vs SAOPX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FTZIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.19, down from 0.52 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.19 | 0.38 | 0.52 | 61 | Financial Services | |
| Apple Inc | 0.32 | 0.39 | 0.54 | 89 | Technology |
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