Looking to diversify beyond FLYRX? The mutual funds below have the lowest correlation with FLYRX — 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 FLYRX.
Best Diversifiers for FLYRX
9 mutual funds have low correlation with FLYRX (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 -0.16, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.16 | 0.02 | 0.09 | 80 | Bank Loan | FLYRX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.05 | — | — | 98 | Bank Loan | FLYRX vs CAPIX | |
| Pioneer ILS Interval Fund | 0.09 | 0.07 | 0.06 | 100 | High Yield Bonds | FLYRX vs XILSX | |
| RiverPark Floating Rate CMBS Fund | 0.11 | 0.11 | 0.16 | 100 | Bank Loan | FLYRX vs RCRIX | |
| Pioneer Mid Cap Value Fund | 0.16 | 0.18 | 0.21 | 57 | Mid Cap Value Equities | FLYRX vs PCGRX |
See all 40 diversifiers for FLYRX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FLYRX
Add FLYRX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FLYRX