Looking to diversify beyond FHUMX? The mutual funds below have historically moved differently from FHUMX, 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 FHUMX
2 mutual funds have low correlation with FHUMX (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 0.16, down from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.16 | 0.39 | 0.51 | 95 | Large Cap Value Equities | FHUMX vs SVAIX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.30 | 0.34 | 0.42 | 62 | High Yield Bonds | FHUMX vs FHYSX | |
| Federated Hermes Institutional High Yield Bond Fun... | 0.36 | 0.39 | 0.45 | 51 | High Yield Bonds | FHUMX vs FIHBX | |
| Federated Hermes MDT All Cap Core Fund | 0.39 | 0.55 | 0.73 | 52 | Large Cap Blend Equities | FHUMX vs QIACX | |
| Victory RS Investors Fund | 0.52 | 0.67 | 0.75 | 81 | Mid Cap Blend Equities | FHUMX vs RSINX |
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