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
11 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 | 0.10 | 0.13 | 100 | High Yield Bonds | FFHCX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.08 | 0.07 | 0.06 | 100 | High Yield Bonds | FFHCX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.10 | 0.11 | 0.16 | 100 | High Yield Bonds | FFHCX vs RPHIX | |
| Franklin High Income Fund | 0.21 | 0.21 | 0.35 | 52 | High Yield Bonds | FFHCX vs FHAIX | |
| RiverPark Strategic Income Fund | 0.21 | 0.24 | 0.31 | 78 | High Yield Bonds | FFHCX vs RSIIX |
See all 41 diversifiers for FFHCX
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