Looking to diversify beyond FZALX? The mutual funds below have the lowest correlation with FZALX — 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 FZALX.
Best Diversifiers for FZALX
3 mutual funds have low correlation with FZALX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.21, up from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.21 | 0.09 | 0.07 | 70 | Large Cap Blend Equities | FZALX vs SVPFX | |
| Federated Hermes MDT All Cap Core Fund | 0.27 | 0.59 | 0.76 | 60 | Large Cap Blend Equities | FZALX vs QIACX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.27 | 0.59 | 0.75 | 60 | Large Cap Blend Equities | FZALX vs QKACX | |
| North Square Preferred and Income Securities Fund | 0.47 | 0.33 | 0.42 | 72 | Large Cap Blend Equities | FZALX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.58 | 0.69 | 0.78 | 57 | Large Cap Blend Equities | FZALX vs RCKSX |
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