Looking to diversify beyond FTHNX? The mutual funds below have historically moved differently from FTHNX, 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 FTHNX
2 mutual funds have low correlation with FTHNX (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco Energy Fund (FSTEX) (Energy Equities) with a 1Y correlation of -0.00, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Energy Fund | -0.00 | 0.26 | 0.39 | 73 | Energy Equities | FTHNX vs FSTEX | |
| Federated Hermes MDT Small Cap Core Fund | 0.30 | 0.59 | 0.76 | 67 | Small Cap Blend Equities | FTHNX vs QISCX | |
| Aegis Value Fund Class I | 0.35 | 0.44 | 0.52 | 94 | Small Cap Value Equities | FTHNX vs AVALX | |
| Causeway International Small Cap Fund | 0.46 | 0.52 | 0.58 | 75 | Foreign Small & Mid Cap Equities | FTHNX vs CVISX | |
| DFA International Small Company Portfolio | 0.61 | 0.63 | 0.68 | 60 | Foreign Small & Mid Cap Equities, Small Cap Blend Equities | FTHNX vs DFISX |
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