Looking to diversify beyond BEARX? The mutual funds below have the lowest correlation with BEARX — 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 BEARX.
Best Diversifiers for BEARX
32 mutual funds have low correlation with BEARX (below 0.3), 32 of which are negatively correlated. The least correlated is Federated Hermes Capital Income Fund (CAPAX) (Diversified Portfolio) with a 1Y correlation of -0.84, roughly unchanged from -0.86 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Capital Income Fund | -0.84 | -0.82 | -0.86 | 83 | Diversified Portfolio | BEARX vs CAPAX | |
| Federated Hermes MDT Small Cap Growth Fund | -0.75 | -0.75 | -0.81 | 72 | Small Cap Growth Equities | BEARX vs QISGX | |
| Federated Hermes MDT Small Cap Core Fund | -0.75 | -0.73 | -0.80 | 57 | Small Cap Blend Equities | BEARX vs QISCX | |
| Federated Hermes Clover Small Value Fund | -0.70 | -0.69 | -0.76 | 53 | Small Cap Value Equities | BEARX vs VSFAX | |
| Federated Hermes Opportunistic High Yield Bond Fun... | -0.62 | -0.56 | -0.59 | 55 | High Yield Bonds | BEARX vs FHYTX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BEARX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BEARX and solid risk/return profiles. The least correlated is Applied Materials, Inc. (AMAT) (Technology) with a 1Y correlation of -0.19, up from -0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Applied Materials, Inc. | -0.19 | -0.39 | -0.55 | 98 | Technology |
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