Looking to diversify beyond FINS? The mutual funds below have the lowest correlation with FINS — 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 FINS.
Best Diversifiers for FINS
4 mutual funds have low correlation with FINS (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.03, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.03 | 0.05 | 0.04 | 100 | High Yield Bonds | FINS vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.03 | 0.11 | 0.12 | 100 | High Yield Bonds | FINS vs RPHIX | |
| Pioneer ILS Interval Fund | 0.12 | 0.09 | 0.07 | 100 | High Yield Bonds | FINS vs XILSX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 0.30 | 0.30 | 0.32 | 94 | High Yield Bonds | FINS vs FIQTX | |
| Shenkman Capital Short Duration High Income Fund | 0.30 | 0.27 | 0.29 | 95 | High Yield Bonds | FINS vs SCFIX |
See all 10 diversifiers for FINS
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Diversification Analysis
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