Looking to diversify beyond FHUMX? The mutual funds below have the lowest correlation with FHUMX — 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 FHUMX.
Best Diversifiers for FHUMX
2 mutual funds have low correlation with FHUMX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes High-Yield Strategy Portfolio (FHYSX) (High Yield Bonds) with a 1Y correlation of 0.26, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.26 | 0.35 | 0.42 | 67 | High Yield Bonds | FHUMX vs FHYSX | |
| Federated Hermes Strategic Value Dividend Fund | 0.28 | 0.43 | 0.54 | 80 | Large Cap Value Equities | FHUMX vs SVAIX | |
| Federated Hermes Institutional High Yield Bond Fun... | 0.32 | 0.40 | 0.46 | 61 | High Yield Bonds | FHUMX vs FIHBX | |
| Federated Hermes Opportunistic High Yield Bond Fun... | 0.35 | 0.47 | 0.54 | 52 | High Yield Bonds | FHUMX vs FHYTX | |
| Gotham Enhanced Return Fund | 0.64 | 0.70 | 0.78 | 75 | Mid Cap Blend Equities | FHUMX vs GENIX |
See all 22 diversifiers for FHUMX
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