Looking to diversify beyond FLARX? The mutual funds below have historically moved differently from FLARX, 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 FLARX
9 mutual funds have low correlation with FLARX (below 0.3), 2 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.06, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.06 | 0.03 | 0.10 | 92 | Bank Loan | FLARX vs XPTFX | |
| Victory Pioneer Cat Bond Fund Class Y | -0.05 | — | — | 100 | Nontraditional Bonds | FLARX vs CBYYX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.09 | — | — | 99 | Bank Loan | FLARX vs CAPIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.12 | 0.12 | 0.17 | 100 | Bank Loan, High Yield Bonds | FLARX vs CCLFX | |
| Victory Sycamore Established Value Fund Class I | 0.17 | 0.17 | 0.20 | 53 | Mid Cap Value Equities | FLARX vs VEVIX |
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