Looking to diversify beyond FLARX? The mutual funds below have the lowest correlation with FLARX — 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 FLARX.
Best Diversifiers for FLARX
4 mutual funds have low correlation with FLARX (below 0.3), 1 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 -0.10, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.10 | 0.03 | 0.10 | 84 | Bank Loan | FLARX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.07 | — | — | 98 | Bank Loan | FLARX vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 0.17 | 0.14 | 0.17 | 100 | Bank Loan | FLARX vs RCRIX | |
| Victory Pioneer Securitized Income Fund Class A | 0.27 | 0.24 | — | 73 | Nontraditional Bonds | FLARX vs SIFFX | |
| Victory Pioneer Global Equity Fund Class R6 | 0.30 | 0.24 | 0.26 | 85 | Global Equities, Large Cap Value Equities, Sustainable | FLARX vs PGEKX |
See all 20 diversifiers for FLARX
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