Looking to diversify beyond FFRSX? The mutual funds below have historically moved differently from FFRSX, 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 FFRSX
13 mutual funds have low correlation with FFRSX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of -0.04, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | -0.04 | 0.09 | 0.17 | 95 | Large Cap Value Equities | FFRSX vs SVAIX | |
| Federated Hermes Project and Trade Finance Tender ... | 0.01 | 0.07 | 0.11 | 92 | Bank Loan | FFRSX vs XPTFX | |
| RiverPark Floating Rate CMBS Fund | 0.02 | 0.08 | 0.15 | 99 | Bank Loan | FFRSX vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.03 | — | — | 99 | Bank Loan | FFRSX vs CAPIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.06 | 0.04 | 0.11 | 100 | Bank Loan, High Yield Bonds | FFRSX vs CCLFX |
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