Looking to diversify beyond FFRSX? The mutual funds below have the lowest correlation with FFRSX — 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 FFRSX.
Best Diversifiers for FFRSX
15 mutual funds have low correlation with FFRSX (below 0.3), 2 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 -0.02, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.02 | 0.07 | 0.11 | 81 | Bank Loan | FFRSX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | -0.01 | — | — | 98 | Bank Loan | FFRSX vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 0.02 | 0.08 | 0.15 | 100 | Bank Loan | FFRSX vs RCRIX | |
| Federated Hermes Strategic Value Dividend Fund | 0.03 | 0.11 | 0.18 | 65 | Large Cap Value Equities | FFRSX vs SVAIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.12 | 0.33 | 0.53 | 86 | Bank Loan | FFRSX vs RPIFX |
See all 36 diversifiers for FFRSX
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Diversification Analysis
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