Looking to diversify beyond DFRPX? The mutual funds below have the lowest correlation with DFRPX — 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 DFRPX.
Best Diversifiers for DFRPX
36 mutual funds have low correlation with DFRPX (below 0.3), 2 of which are negatively correlated. The least correlated is Federated Hermes Floating Rate Strat Inc Fund (FFRSX) (Bank Loan) with a 1Y correlation of -0.01, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Floating Rate Strat Inc Fund | -0.01 | 0.15 | 0.40 | 87 | Bank Loan | DFRPX vs FFRSX | |
| RiverPark Floating Rate CMBS Fund | -0.00 | 0.11 | 0.14 | 100 | Bank Loan | DFRPX vs RCRIX | |
| Federated Hermes Project and Trade Finance Tender ... | 0.00 | 0.05 | 0.14 | 84 | Bank Loan | DFRPX vs XPTFX | |
| Guggenheim Floating Rate Strategies Fund | 0.02 | 0.31 | 0.54 | 55 | Bank Loan | DFRPX vs GIFIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.06 | — | — | 98 | Bank Loan | DFRPX vs CAPIX |
See all 36 diversifiers for DFRPX
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