Looking to diversify beyond FIIFX? The mutual funds below have the lowest correlation with FIIFX — 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 FIIFX.
Best Diversifiers for FIIFX
1 mutual funds have low correlation with FIIFX (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, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.16 | 0.27 | 0.19 | 80 | Large Cap Value Equities | FIIFX vs SVAIX | |
| Miller Intermediate Bond Fund | 0.32 | 0.25 | 0.23 | 89 | Corporate Bonds | FIIFX vs MIFIX | |
| Vanguard Short-Term Corporate Bond Index Fund Inst... | 0.35 | 0.69 | 0.80 | 77 | Corporate Bonds | FIIFX vs VSTBX | |
| Vanguard Short-Term Corporate Bond Index Fund Admi... | 0.36 | 0.69 | 0.80 | 74 | Corporate Bonds | FIIFX vs VSCSX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.56 | 0.55 | 0.51 | 67 | High Yield Bonds | FIIFX vs FHYSX |
See all 7 diversifiers for FIIFX
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