Looking to diversify beyond FHCOX? The mutual funds below have the lowest correlation with FHCOX — 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 FHCOX.
Best Diversifiers for FHCOX
26 mutual funds have low correlation with FHCOX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) (Ultrashort Bond) with a 1Y correlation of -0.00, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | -0.00 | 0.11 | 0.11 | 99 | Ultrashort Bond | FHCOX vs ENIAX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 0.01 | 0.31 | 0.31 | 99 | Ultrashort Bond | FHCOX vs TRSTX | |
| Palmer Square Ultra-Short Duration Investment Grad... | 0.03 | 0.10 | 0.14 | 96 | Ultrashort Bond | FHCOX vs PSDSX | |
| Federated Hermes Strategic Value Dividend Fund | 0.08 | 0.17 | 0.09 | 78 | Large Cap Value Equities | FHCOX vs SVAIX | |
| DFA One Year Fixed Income Portfolio | 0.08 | 0.04 | 0.10 | 99 | Ultrashort Bond | FHCOX vs DFIHX |
See all 67 diversifiers for FHCOX
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