Looking to diversify beyond ISCAX? The mutual funds below have the lowest correlation with ISCAX — 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 ISCAX.
Best Diversifiers for ISCAX
14 mutual funds have low correlation with ISCAX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.04, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.04 | 0.08 | 0.04 | 84 | Bank Loan | ISCAX vs XPTFX | |
| Federated Hermes Floating Rate Strat Inc Fund | 0.14 | 0.16 | 0.29 | 87 | Bank Loan | ISCAX vs FFRSX | |
| Federated Hermes Conservative Municipal Microshort... | 0.15 | 0.13 | 0.09 | 99 | Municipal Bonds | ISCAX vs FHMIX | |
| Federated Hermes Conservative Microshort Fund | 0.19 | 0.13 | 0.08 | 99 | Ultrashort Bond | ISCAX vs FHCOX | |
| Federated Hermes Equity Income Fund | 0.21 | 0.51 | 0.64 | 67 | Large Cap Value Equities | ISCAX vs LEIFX |
See all 41 diversifiers for ISCAX
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