Looking to diversify beyond FFRHX? The mutual funds below have historically moved differently from FFRHX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FFRHX
168 mutual funds have low correlation with FFRHX (below 0.3), 5 of which are negatively correlated. The least correlated is Fairholme Focused Income Fund (FOCIX) (High Yield Bonds) with a 1Y correlation of -0.09, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fairholme Focused Income Fund | -0.09 | 0.12 | 0.27 | 71 | High Yield Bonds | FFRHX vs FOCIX | |
| Federated Hermes Project and Trade Finance Tender ... | -0.08 | -0.02 | 0.05 | 92 | Bank Loan | FFRHX vs XPTFX | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.05 | 0.02 | 0.06 | 87 | Inflation-Protected Bonds | FFRHX vs VTAPX | |
| Vanguard Market Neutral Fund Investor Shares | -0.02 | 0.03 | 0.00 | 97 | Long-Short | FFRHX vs VMNFX | |
| Fidelity Select Energy Portfolio | -0.01 | 0.16 | 0.24 | 88 | Energy Equities | FFRHX vs FSENX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FFRHX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.20, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.20 | -0.04 | 0.03 | 64 | Consumer Defensive | |
| Chubb Limited | -0.13 | 0.01 | 0.10 | 86 | Financial Services | |
| Johnson & Johnson | -0.13 | -0.04 | -0.00 | 95 | Healthcare | |
| The Coca-Cola Company | -0.11 | -0.03 | 0.03 | 86 | Consumer Defensive | |
| Enbridge Inc. | -0.10 | 0.09 | 0.18 | 78 | Energy |
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