Looking to diversify beyond FHIIX? The mutual funds below have the lowest correlation with FHIIX — 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 FHIIX.
Best Diversifiers for FHIIX
11 mutual funds have low correlation with FHIIX (below 0.3), 1 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of -0.03, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.03 | -0.01 | -0.00 | 100 | High Yield Bonds | FHIIX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.04 | 0.13 | 0.24 | 99 | High Yield Bonds | FHIIX vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.11 | 0.15 | 0.14 | 100 | High Yield Bonds | FHIIX vs CCLFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.13 | 0.29 | 0.36 | 78 | Large Cap Value Equities | FHIIX vs SVAIX | |
| Lord Abbett Mid Cap Stock Fund | 0.14 | 0.34 | 0.43 | 62 | Mid Cap Value Equities | FHIIX vs LAVLX |
See all 29 diversifiers for FHIIX
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