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Federated Hermes International Strategic Value Dividend Fund (IVFIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund pursues its investment objective by investing primarily in equity securities of companies based in countries outside the United States, consisting principally of high dividend-paying stocks with dividend growth potential. It generally invests in large-cap or mid-cap stocks and may also hold depositary receipts and real estate investment trusts. The fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in dividend-paying securities.

Looking to diversify beyond IVFIX? The mutual funds below have the lowest correlation with IVFIX — 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 IVFIX.

Best Diversifiers for IVFIX

3 mutual funds have low correlation with IVFIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes High-Yield Strategy Portfolio (FHYSX) (High Yield Bonds) with a 1Y correlation of 0.18, down from 0.38 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FHYSX
Federated Hermes High-Yield Strategy Portfolio0.180.300.38
69
High Yield BondsIVFIX vs FHYSX
FIHBX
Federated Hermes Institutional High Yield Bond Fun...0.200.340.41
65
High Yield BondsIVFIX vs FIHBX
FHYTX
Federated Hermes Opportunistic High Yield Bond Fun...0.240.360.46
55
High Yield BondsIVFIX vs FHYTX
CIGIX
Calamos International Growth Fund0.300.410.56
59
Foreign Large Cap EquitiesIVFIX vs CIGIX
TIVFX
American Beacon Tocqueville International Value Fu...0.320.400.57
93
Foreign Large Cap EquitiesIVFIX vs TIVFX
See all 121 diversifiers for IVFIX

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Diversification Analysis

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