Looking to diversify beyond BEARX? The mutual funds below have historically moved differently from BEARX, 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 BEARX
30 mutual funds have low correlation with BEARX (below 0.3), 30 of which are negatively correlated. The least correlated is Federated Hermes Capital Income Fund (CAPAX) (Diversified Portfolio) with a 1Y correlation of -0.85, roughly unchanged from -0.86 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Capital Income Fund | -0.85 | -0.82 | -0.86 | 72 | Diversified Portfolio | BEARX vs CAPAX | |
| Federated Hermes MDT Small Cap Growth Fund | -0.74 | -0.74 | -0.81 | 63 | Small Cap Growth Equities | BEARX vs QISGX | |
| Federated Hermes MDT Small Cap Core Fund | -0.73 | -0.73 | -0.80 | 62 | Small Cap Blend Equities | BEARX vs QISCX | |
| Federated Hermes Clover Small Value Fund | -0.67 | -0.68 | -0.76 | 68 | Small Cap Value Equities | BEARX vs VSFAX | |
| Federated Hermes Max Cap Index Fund | -0.59 | -0.68 | -0.83 | 68 | Large Cap Blend Equities | BEARX vs FISPX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BEARX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Applied Materials, Inc. (AMAT) (Technology) with a 1Y correlation of -0.27, up from -0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Applied Materials, Inc. | -0.27 | -0.40 | -0.55 | 95 | Technology |
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