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Federated Hermes Short-Term Income Fund (FSTIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The investment seeks to provide current income. In pursuing its principal investment strategies, the fund invests in a diversified portfolio of fixed-income securities consisting of U.S. government and privately issued mortgage-backed and asset-backed securities, corporate debt securities and U.S. Treasury and agency securities. At least 65% of the fund's securities must be rated A or higher by a nationally recognized statistical rating organization. The adviser seeks to enhance the fund's performance by allocating relatively more of its portfolio to the security type that the Adviser expects to offer the best balance between current income and risk.

Looking to diversify beyond FSTIX? The mutual funds below have the lowest correlation with FSTIX — 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 FSTIX.

Best Diversifiers for FSTIX

13 mutual funds have low correlation with FSTIX (below 0.3), 0 of which are negatively correlated. The least correlated is GuidepathConservative Income Fund (GPICX) (Short-Term Bond) with a 1Y correlation of 0.02, down from 0.37 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
GPICX
GuidepathConservative Income Fund0.020.300.37
99
Short-Term BondFSTIX vs GPICX
GPARX
GuidePath Absolute Return Allocation Fund0.060.470.55
74
Short-Term BondFSTIX vs GPARX
LCCMX
Leader Short Term High Yield Bond Fund0.100.150.20
75
Short-Term BondFSTIX vs LCCMX
SVAIX
Federated Hermes Strategic Value Dividend Fund0.110.190.15
70
Large Cap Value EquitiesFSTIX vs SVAIX
DFAIX
DFA Short-Duration Real Return Portfolio0.140.190.35
99
Short-Term BondFSTIX vs DFAIX
See all 16 diversifiers for FSTIX

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Diversification Analysis

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