Looking to diversify beyond FHAIX? The mutual funds below have the lowest correlation with FHAIX — 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 FHAIX.
Best Diversifiers for FHAIX
7 mutual funds have low correlation with FHAIX (below 0.3), 2 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of -0.02, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | -0.02 | 0.05 | 0.09 | 100 | High Yield Bonds | FHAIX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.01 | 0.01 | 0.01 | 100 | High Yield Bonds | FHAIX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.14 | 0.14 | 0.22 | 100 | High Yield Bonds | FHAIX vs RPHIX | |
| Fidelity Advisor Floating Rate High Income Fund Cl... | 0.21 | 0.24 | 0.35 | 94 | High Yield Bonds | FHAIX vs FIQSX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.21 | 0.40 | 0.55 | 74 | High Yield Bonds | FHAIX vs FHYSX |
See all 29 diversifiers for FHAIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
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