Looking to diversify beyond IEDAX? The mutual funds below have the lowest correlation with IEDAX — 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 IEDAX.
Best Diversifiers for IEDAX
0 mutual funds have low correlation with IEDAX (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 0.45, down from 0.74 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.45 | 0.63 | 0.74 | 80 | Large Cap Value Equities | IEDAX vs SVAIX | |
| Hennessy Cornerstone Value Fund | 0.48 | 0.70 | 0.80 | 81 | Large Cap Value Equities | IEDAX vs HFCVX | |
| Smead Value Fund | 0.53 | 0.71 | 0.80 | 62 | Large Cap Value Equities | IEDAX vs SMVLX | |
| Rational Equity Armor Fund | 0.57 | 0.55 | 0.68 | 56 | Large Cap Value Equities | IEDAX vs HDCTX | |
| VY JPMorgan Emerging Markets Equity Portfolio | 0.59 | 0.52 | 0.56 | 94 | Emerging Markets Diversified | IEDAX vs IJPIX |
See all 80 diversifiers for IEDAX
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