Looking to diversify beyond FIMTX? The mutual funds below have the lowest correlation with FIMTX — 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 FIMTX.
Best Diversifiers for FIMTX
13 mutual funds have low correlation with FIMTX (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 0.14, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.14 | 0.21 | 0.11 | 90 | Large Cap Value Equities | FIMTX vs SVAIX | |
| Federated Hermes Conservative Municipal Microshort... | 0.17 | 0.22 | 0.17 | 99 | Municipal Bonds | FIMTX vs FHMIX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.17 | 0.28 | — | 100 | Municipal Bonds | FIMTX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 0.17 | 0.26 | 0.26 | 99 | Municipal Bonds | FIMTX vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.24 | 0.34 | 100 | Municipal Bonds | FIMTX vs DFSMX |
See all 24 diversifiers for FIMTX
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