Looking to diversify beyond IHIAX? The mutual funds below have the lowest correlation with IHIAX — 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 IHIAX.
Best Diversifiers for IHIAX
2 mutual funds have low correlation with IHIAX (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 0.24, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.24 | 0.34 | 0.32 | 82 | Large Cap Value Equities | IHIAX vs SVAIX | |
| Virtus Stone Harbor Emerging Markets Income Fund | 0.27 | 0.27 | 0.32 | 54 | Emerging Markets Bonds | IHIAX vs EDF | |
| Federated Hermes High-Yield Strategy Portfolio | 0.37 | 0.51 | 0.56 | 65 | High Yield Bonds | IHIAX vs FHYSX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.40 | 0.51 | 0.58 | 98 | Emerging Markets Bonds | IHIAX vs DBLLX | |
| Federated Hermes Institutional High Yield Bond Fun... | 0.40 | 0.52 | 0.57 | 56 | High Yield Bonds | IHIAX vs FIHBX |
See all 19 diversifiers for IHIAX
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