Looking to diversify beyond FFHCX? The mutual funds below have the lowest correlation with FFHCX — 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 FFHCX.
Best Diversifiers for FFHCX
8 mutual funds have low correlation with FFHCX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.07, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.07 | 0.09 | 0.13 | 100 | High Yield Bonds | FFHCX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.09 | 0.07 | 0.07 | 100 | High Yield Bonds | FFHCX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.11 | 0.12 | 0.17 | 100 | High Yield Bonds | FFHCX vs RPHIX | |
| RiverPark Strategic Income Fund | 0.21 | 0.23 | 0.32 | 66 | High Yield Bonds | FFHCX vs RSIIX | |
| Fidelity Select Semiconductors Portfolio | 0.24 | 0.21 | 0.24 | 96 | Semiconductors, Technology Equities | FFHCX vs FSELX |
See all 39 diversifiers for FFHCX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FFHCX
Add FFHCX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FFHCX