Looking to diversify beyond FISPX? The mutual funds below have historically moved differently from FISPX, 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 FISPX
3 mutual funds have low correlation with FISPX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes MDT Market Neutral A (QAMNX) (Long-Short) with a 1Y correlation of -0.09, down from 0.04 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Market Neutral A | -0.09 | 0.04 | — | 54 | Long-Short | FISPX vs QAMNX | |
| Federated Hermes Strategic Value Dividend Fund | 0.09 | 0.31 | 0.49 | 94 | Large Cap Value Equities | FISPX vs SVAIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.30 | 0.15 | 0.14 | 89 | Intermediate Core-Plus Bond | FISPX vs LCTRX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.32 | 0.31 | 0.40 | 74 | High Yield Bonds | FISPX vs FHYSX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.32 | 0.16 | 0.13 | 97 | Large Cap Blend Equities | FISPX vs SVPFX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FISPX
Add FISPX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FISPX