Looking to diversify beyond DFRTX? The mutual funds below have the lowest correlation with DFRTX — 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 DFRTX.
Best Diversifiers for DFRTX
37 mutual funds have low correlation with DFRTX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Floating Rate Strat Inc Fund (FFRSX) (Bank Loan) with a 1Y correlation of -0.02, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Floating Rate Strat Inc Fund | -0.02 | 0.10 | 0.36 | 87 | Bank Loan | DFRTX vs FFRSX | |
| Guggenheim Floating Rate Strategies Fund | 0.02 | 0.32 | 0.54 | 54 | Bank Loan | DFRTX vs GIFIX | |
| Federated Hermes Project and Trade Finance Tender ... | 0.04 | 0.05 | 0.13 | 84 | Bank Loan | DFRTX vs XPTFX | |
| RiverPark Floating Rate CMBS Fund | 0.04 | 0.11 | 0.17 | 100 | Bank Loan | DFRTX vs RCRIX | |
| Artisan Floating Rate Fund | 0.07 | 0.27 | — | 77 | Bank Loan | DFRTX vs ARTUX |
See all 39 diversifiers for DFRTX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements DFRTX
Add DFRTX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DFRTX