Looking to diversify beyond FISPX? The mutual funds below have the lowest correlation with FISPX — 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 FISPX.
Best Diversifiers for FISPX
3 mutual funds have low correlation with FISPX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes High-Yield Strategy Portfolio (FHYSX) (High Yield Bonds) with a 1Y correlation of 0.20, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.20 | 0.30 | 0.40 | 74 | High Yield Bonds | FISPX vs FHYSX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.24 | 0.13 | 0.12 | 70 | Large Cap Blend Equities | FISPX vs SVPFX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.28 | 0.13 | 0.14 | 91 | Intermediate Core-Plus Bond | FISPX vs LCTRX | |
| Federated Hermes Institutional High Yield Bond Fun... | 0.32 | 0.35 | 0.43 | 67 | High Yield Bonds | FISPX vs FIHBX | |
| Federated Hermes Opportunistic High Yield Bond Fun... | 0.32 | 0.41 | 0.51 | 56 | High Yield Bonds | FISPX vs FHYTX |
See all 44 diversifiers for FISPX
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