PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Federated Hermes MDT Balanced Fund (QIBGX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund may invest in a wide variety of investments such as equity securities, fixed-income securities, foreign securities, exchange-traded funds (ETFs) and derivative and hybrid instruments. Its investment adviser ("Adviser") anticipates investing approximately 60% of the fund's assets in equity securities and 40% of the fund's assets in fixed-income securities and other investments. The Adviser may vary this allocation +/-20% depending upon its economic and market outlook as well as a result of the identification of favorable investment opportunities.

Looking to diversify beyond QIBGX? The mutual funds below have the lowest correlation with QIBGX — 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 QIBGX.

Best Diversifiers for QIBGX

14 mutual funds have low correlation with QIBGX (below 0.3), 0 of which are negatively correlated. The least correlated is Concorde Wealth Management Fund (CONWX) (Diversified Portfolio) with a 1Y correlation of 0.03, down from 0.58 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CONWX
Concorde Wealth Management Fund0.030.370.58
55
Diversified PortfolioQIBGX vs CONWX
FSIRX
Fidelity Advisor Strategic Real Return Fund Class ...0.090.380.51
86
Diversified PortfolioQIBGX vs FSIRX
FSRKX
Fidelity Strategic Real Return Fund Class K60.110.390.51
88
Diversified PortfolioQIBGX vs FSRKX
FCSRX
Fidelity Advisor Strategic Real Return Fund Class ...0.110.380.51
82
Diversified PortfolioQIBGX vs FCSRX
FIQDX
Fidelity Advisor Strategic Real Return Fund Class ...0.110.370.51
88
Diversified PortfolioQIBGX vs FIQDX
See all 31 diversifiers for QIBGX

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements QIBGX

Add QIBGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with QIBGX