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
6 mutual funds have low correlation with FINS (below 0.3), 1 of which are negatively correlated. The least correlated is Fairholme Focused Income Fund (FOCIX) (High Yield Bonds) with a 1Y correlation of -0.06, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fairholme Focused Income Fund | -0.06 | 0.06 | 0.15 | 57 | High Yield Bonds | FINS vs FOCIX | |
| RiverNorth Capital and Income Fund | 0.05 | 0.13 | 0.09 | 67 | High Yield Bonds | FINS vs RSF | |
| Cliffwater Corporate Lending Fund | 0.07 | 0.06 | 0.05 | 100 | High Yield Bonds | FINS vs CCLFX | |
| Pioneer ILS Interval Fund | 0.10 | 0.09 | 0.07 | 100 | High Yield Bonds | FINS vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.13 | 0.12 | 0.13 | 100 | High Yield Bonds | FINS vs RPHIX |
See all 17 diversifiers for FINS
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