Looking to diversify beyond FLYRX? The mutual funds below have historically moved differently from FLYRX, 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 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 -0.13, down from 0.09 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 ... | -0.13 | 0.01 | 0.09 | 93 | Bank Loan | FLYRX vs XPTFX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.03 | 0.07 | 0.14 | 100 | Bank Loan, High Yield Bonds | FLYRX vs CCLFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.06 | — | — | 99 | Bank Loan | FLYRX vs CAPIX | |
| Pioneer ILS Interval Fund | 0.10 | 0.09 | 0.07 | 100 | High Yield Bonds | FLYRX vs XILSX | |
| RiverPark Floating Rate CMBS Fund | 0.13 | 0.12 | 0.17 | 100 | Bank Loan | FLYRX vs RCRIX |
To view more results, upgrade your current subscription plan.
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