Looking to diversify beyond FTRBX? The mutual funds below have historically moved differently from FTRBX, 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 FTRBX
2 mutual funds have low correlation with FTRBX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes MDT Market Neutral A (QAMNX) (Long-Short) with a 1Y correlation of -0.05, roughly unchanged from -0.07 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Market Neutral A | -0.05 | -0.07 | — | 54 | Long-Short | FTRBX vs QAMNX | |
| Federated Hermes Strategic Value Dividend Fund | 0.16 | 0.25 | 0.19 | 94 | Large Cap Value Equities | FTRBX vs SVAIX | |
| Federated Hermes MDT All Cap Core Fund | 0.34 | 0.22 | 0.17 | 53 | Large Cap Blend Equities | FTRBX vs QIACX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.48 | 0.59 | 0.61 | 64 | Intermediate Core Bond | FTRBX vs STWTX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.49 | 0.55 | 0.49 | 74 | High Yield Bonds | FTRBX vs FHYSX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FTRBX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.14, roughly unchanged from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.14 | 0.08 | 0.05 | 61 | Financial Services |
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