Looking to diversify beyond FHAIX? The mutual funds below have historically moved differently from FHAIX, 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 FHAIX
7 mutual funds have low correlation with FHAIX (below 0.3), 1 of which are negatively correlated. The least correlated is Fairholme Focused Income Fund (FOCIX) (High Yield Bonds) with a 1Y correlation of -0.08, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fairholme Focused Income Fund | -0.08 | 0.13 | 0.26 | 70 | High Yield Bonds | FHAIX vs FOCIX | |
| Pioneer ILS Interval Fund | 0.00 | 0.01 | 0.02 | 100 | High Yield Bonds | FHAIX vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.07 | 0.07 | 0.10 | 100 | Bank Loan, High Yield Bonds | FHAIX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.10 | 0.17 | 0.22 | 99 | High Yield Bonds | FHAIX vs RPHIX | |
| Fidelity Advisor Floating Rate High Income Fund Cl... | 0.20 | 0.23 | 0.35 | 94 | High Yield Bonds | FHAIX vs FIQSX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FHAIX
Add FHAIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FHAIX