Looking to diversify beyond ISHIX? The mutual funds below have historically moved differently from ISHIX, 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 ISHIX
2 mutual funds have low correlation with ISHIX (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 -0.04, roughly unchanged from -0.05 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 | -0.04 | -0.05 | — | 54 | Long-Short | ISHIX vs QAMNX | |
| Federated Hermes Strategic Value Dividend Fund | 0.17 | 0.26 | 0.22 | 94 | Large Cap Value Equities | ISHIX vs SVAIX | |
| Miller Intermediate Bond Fund | 0.37 | 0.28 | 0.27 | 95 | Corporate Bonds | ISHIX vs MIFIX | |
| Vanguard Short-Term Corporate Bond Index Fund Admi... | 0.44 | 0.67 | 0.77 | 84 | Short-Term Bond, Corporate Bonds, Investment Grade Bonds | ISHIX vs VSCSX | |
| Vanguard Short-Term Corporate Bond Index Fund Inst... | 0.46 | 0.67 | 0.77 | 86 | Corporate Bonds | ISHIX vs VSTBX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ISHIX
Add ISHIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ISHIX