Looking to diversify beyond FHLSX? The mutual funds below have the lowest correlation with FHLSX — 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 FHLSX.
Best Diversifiers for FHLSX
2 mutual funds have low correlation with FHLSX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.13, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.13 | 0.05 | 0.16 | 60 | Diversified Portfolio | FHLSX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.14 | 0.38 | 67 | Diversified Portfolio | FHLSX vs MHELX | |
| Concorde Wealth Management Fund | 0.39 | 0.55 | 0.59 | 73 | Diversified Portfolio | FHLSX vs CONWX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.46 | 0.62 | 0.62 | 86 | Diversified Portfolio | FHLSX vs FCSRX | |
| DWS RREEF Real Assets Fund - Class A | 0.46 | 0.62 | 0.66 | 52 | Diversified Portfolio | FHLSX vs AAAAX |
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