Looking to diversify beyond FHTFX? The mutual funds below have historically moved differently from FHTFX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FHTFX
2 mutual funds have low correlation with FHTFX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Market Neutral A (QAMNX) (Long-Short) with a 1Y correlation of 0.01, roughly unchanged from -0.05 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Market Neutral A | 0.01 | -0.05 | — | 54 | Long-Short | FHTFX vs QAMNX | |
| Federated Hermes Strategic Value Dividend Fund | 0.19 | 0.21 | 0.15 | 94 | Large Cap Value Equities | FHTFX vs SVAIX | |
| Federated Hermes MDT All Cap Core Fund | 0.31 | 0.18 | 0.14 | 53 | Large Cap Blend Equities | FHTFX vs QIACX | |
| Federated Hermes Institutional High Yield Bond Fun... | 0.31 | 0.37 | 0.38 | 64 | High Yield Bonds | FHTFX vs FIHBX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.33 | 0.39 | 0.38 | 74 | High Yield Bonds | FHTFX vs FHYSX |
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