Looking to diversify beyond ISCIX? The mutual funds below have historically moved differently from ISCIX, 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 ISCIX
2 mutual funds have low correlation with ISCIX (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 -0.09, roughly unchanged from -0.04 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 | -0.09 | -0.04 | — | 54 | Long-Short | ISCIX vs QAMNX | |
| Federated Hermes Strategic Value Dividend Fund | 0.21 | 0.41 | 0.50 | 94 | Large Cap Value Equities | ISCIX vs SVAIX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.38 | 0.40 | 0.51 | 74 | High Yield Bonds | ISCIX vs FHYSX | |
| Federated Hermes Institutional High Yield Bond Fun... | 0.43 | 0.44 | 0.53 | 64 | High Yield Bonds | ISCIX vs FIHBX | |
| Federated Hermes Opportunistic High Yield Bond Fun... | 0.48 | 0.48 | 0.59 | 59 | High Yield Bonds | ISCIX vs FHYTX |
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