Looking to diversify beyond FFRHX? The mutual funds below have the lowest correlation with FFRHX — 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 FFRHX.
Best Diversifiers for FFRHX
130 mutual funds have low correlation with FFRHX (below 0.3), 3 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 -0.11, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.11 | -0.03 | 0.05 | 85 | Bank Loan | FFRHX vs XPTFX | |
| Vanguard Market Neutral Fund Investor Shares | -0.04 | 0.02 | 0.00 | 86 | Long-Short | FFRHX vs VMNFX | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.04 | 0.03 | 0.06 | 82 | Inflation-Protected Bonds | FFRHX vs VTAPX | |
| Fidelity Select Energy Portfolio | 0.00 | 0.17 | 0.25 | 51 | Energy Equities | FFRHX vs FSENX | |
| T. Rowe Price Tax Free Income Fund | 0.02 | 0.13 | 0.19 | 81 | Municipal Bonds | FFRHX vs PRTAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FFRHX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FFRHX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.21, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.21 | -0.02 | 0.04 | 74 | Consumer Defensive | |
| Duke Energy Corporation | -0.16 | 0.00 | 0.03 | 64 | Utilities | |
| The Southern Company | -0.13 | -0.01 | 0.02 | 57 | Utilities | |
| Chubb Limited | -0.13 | 0.01 | 0.11 | 72 | Financial Services | |
| Johnson & Johnson | -0.10 | -0.02 | 0.02 | 96 | Healthcare |
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