Looking to diversify beyond FUSGX? The mutual funds below have historically moved differently from FUSGX, 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 FUSGX
3 mutual funds have low correlation with FUSGX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes MDT Market Neutral A (QAMNX) (Long-Short) with a 1Y correlation of -0.00, roughly unchanged from -0.06 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Market Neutral A | -0.00 | -0.06 | — | 54 | Long-Short | FUSGX vs QAMNX | |
| Federated Hermes Strategic Value Dividend Fund | 0.14 | 0.24 | 0.19 | 94 | Large Cap Value Equities | FUSGX vs SVAIX | |
| GMO U.S. Treasury Fund | 0.15 | 0.09 | 0.05 | 99 | Government Bonds | FUSGX vs GUSTX | |
| Integrity Short Term Government Fund | 0.31 | 0.61 | 0.71 | 89 | Government Bonds | FUSGX vs MDSIX | |
| DFA Short-Term Government Portfolio | 0.31 | 0.07 | 0.31 | 99 | Government Bonds | FUSGX vs DFFGX |
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