Looking to diversify beyond FCT? The mutual funds below have the lowest correlation with FCT — 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 FCT.
Best Diversifiers for FCT
19 mutual funds have low correlation with FCT (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.03, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.03 | 0.01 | -0.01 | 84 | Bank Loan | FCT vs XPTFX | |
| RiverPark Floating Rate CMBS Fund | 0.04 | 0.07 | 0.06 | 100 | Bank Loan | FCT vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.05 | — | — | 98 | Bank Loan | FCT vs CAPIX | |
| Vivaldi Merger Arbitrage Fund Class I | 0.06 | 0.06 | 0.12 | 98 | Event Driven | FCT vs VARBX | |
| Victory Floating Rate Fund | 0.11 | 0.18 | 0.24 | 90 | Bank Loan | FCT vs RSFYX |
See all 20 diversifiers for FCT
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