Looking to diversify beyond FZAJX? The mutual funds below have historically moved differently from FZAJX, 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 FZAJX
0 mutual funds have low correlation with FZAJX (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 0.33, down from 0.58 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... | 0.33 | 0.44 | 0.58 | 88 | Foreign Large Cap Equities | FZAJX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.38 | 0.66 | 0.73 | 61 | Foreign Large Cap Equities | FZAJX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.38 | 0.66 | 0.73 | 61 | Foreign Large Cap Equities | FZAJX vs GSIMX | |
| GQG Partners International Quality Dividend Income... | 0.41 | 0.59 | 0.63 | 71 | Quality Factor, Foreign Large Cap Equities | FZAJX vs GQJPX | |
| PIMCO RAE PLUS International Fund | 0.49 | 0.50 | 0.55 | 95 | Foreign Large Cap Equities | FZAJX vs PTSIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FZAJX
Add FZAJX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FZAJX