Looking to diversify beyond FWMIX? The mutual funds below have the lowest correlation with FWMIX — 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 FWMIX.
Best Diversifiers for FWMIX
0 mutual funds have low correlation with FWMIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of 0.39, down from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.39 | 0.45 | 0.62 | 82 | Large Cap Value Equities | FWMIX vs SVAIX | |
| Buffalo Flexible Income Fund | 0.46 | 0.67 | 0.79 | 52 | Large Cap Value Equities | FWMIX vs BUFBX | |
| Hennessy Cornerstone Value Fund | 0.54 | 0.64 | 0.75 | 85 | Large Cap Value Equities | FWMIX vs HFCVX | |
| American Century Equity Income Fund Class I | 0.68 | 0.70 | 0.81 | 51 | Large Cap Value Equities | FWMIX vs ACIIX | |
| American Century Equity Income Fund | 0.68 | 0.70 | 0.81 | 50 | Large Cap Value Equities | FWMIX vs TWEIX |
See all 32 diversifiers for FWMIX
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Diversification Analysis
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