Looking to diversify beyond FINFX? The mutual funds below have historically moved differently from FINFX, 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 FINFX
2 mutual funds have low correlation with FINFX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund Class A (SVAAX) (Dividend) with a 1Y correlation of 0.01, down from 0.46 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 Cla... | 0.01 | 0.25 | 0.46 | 93 | Dividend | FINFX vs SVAAX | |
| Fidelity Intermediate Municipal Income Fund | 0.22 | 0.14 | 0.13 | 57 | Municipal Bonds | FINFX vs FLTMX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.32 | 0.15 | 0.13 | 97 | Large Cap Blend Equities | FINFX vs SVPFX | |
| PIMCO Income Fund Institutional Class | 0.41 | 0.29 | 0.36 | 52 | Multisector Bonds | FINFX vs PIMIX | |
| Hartford Equity Income Fund Class I | 0.42 | 0.59 | 0.72 | 74 | Dividend | FINFX vs HQIIX |
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