Looking to diversify beyond FTRBX? The mutual funds below have the lowest correlation with FTRBX — 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 FTRBX.
Best Diversifiers for FTRBX
2 mutual funds have low correlation with FTRBX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of 0.17, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.17 | 0.26 | 0.18 | 70 | Large Cap Value Equities | FTRBX vs SVAIX | |
| Federated Hermes MDT All Cap Core Fund | 0.27 | 0.21 | 0.16 | 56 | Large Cap Blend Equities | FTRBX vs QIACX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | 0.37 | 0.70 | 0.78 | 55 | Intermediate Core Bond | FTRBX vs PCGTX | |
| Loomis Sayles Securitized Asset Fund | 0.47 | 0.75 | 0.81 | 65 | Intermediate Core Bond | FTRBX vs LSSAX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.48 | 0.53 | 0.48 | 71 | High Yield Bonds | FTRBX vs FHYSX |
See all 7 diversifiers for FTRBX
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