Looking to diversify beyond ISHIX? The mutual funds below have the lowest correlation with ISHIX — 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 ISHIX.
Best Diversifiers for ISHIX
1 mutual funds have low correlation with ISHIX (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 0.18, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.19 | 0.28 | 0.21 | 78 | Large Cap Value Equities | ISHIX vs SVAIX | |
| Vanguard Short-Term Corporate Bond Index Fund Admi... | 0.34 | 0.68 | 0.77 | 78 | Corporate Bonds | ISHIX vs VSCSX | |
| Miller Intermediate Bond Fund | 0.35 | 0.28 | 0.25 | 91 | Corporate Bonds | ISHIX vs MIFIX | |
| Vanguard Short-Term Corporate Bond Index Fund Inst... | 0.35 | 0.68 | 0.77 | 81 | Corporate Bonds | ISHIX vs VSTBX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.52 | 0.54 | 0.53 | 69 | High Yield Bonds | ISHIX vs FHYSX |
See all 7 diversifiers for ISHIX
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