Looking to diversify beyond FZAIX? The mutual funds below have historically moved differently from FZAIX, 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 FZAIX
0 mutual funds have low correlation with FZAIX (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 0.34, down from 0.62 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.34 | 0.48 | 0.62 | 88 | Foreign Large Cap Equities | FZAIX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.39 | 0.69 | 0.77 | 61 | Foreign Large Cap Equities | FZAIX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.41 | 0.70 | 0.77 | 61 | Foreign Large Cap Equities | FZAIX vs GSIMX | |
| GQG Partners International Quality Dividend Income... | 0.46 | 0.64 | 0.70 | 71 | Quality Factor, Foreign Large Cap Equities | FZAIX vs GQJPX | |
| PIMCO RAE PLUS International Fund | 0.50 | 0.55 | 0.60 | 95 | Foreign Large Cap Equities | FZAIX vs PTSIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FZAIX
Add FZAIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FZAIX