Looking to diversify beyond FHTFX? The mutual funds below have the lowest correlation with FHTFX — 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 FHTFX.
Best Diversifiers for FHTFX
1 mutual funds have low correlation with FHTFX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of 0.17, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.17 | 0.21 | 0.15 | 78 | Large Cap Value Equities | FHTFX vs SVAIX | |
| Federated Hermes Institutional High Yield Bond Fun... | 0.30 | 0.36 | 0.37 | 65 | High Yield Bonds | FHTFX vs FIHBX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.31 | 0.36 | 0.38 | 69 | High Yield Bonds | FHTFX vs FHYSX | |
| Federated Hermes Opportunistic High Yield Bond Fun... | 0.35 | 0.37 | 0.36 | 55 | High Yield Bonds | FHTFX vs FHYTX | |
| abrdn Short Duration High Yield Municipal Fund | 0.55 | 0.64 | 0.69 | 57 | High Yield Muni | FHTFX vs AHYMX |
See all 48 diversifiers for FHTFX
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