Looking to diversify beyond SFHIX? The mutual funds below have the lowest correlation with SFHIX — 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 SFHIX.
Best Diversifiers for SFHIX
6 mutual funds have low correlation with SFHIX (below 0.3), 0 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 0.00, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 0.00 | 0.10 | 0.13 | 80 | Bank Loan | SFHIX vs XPTFX | |
| RiverPark Floating Rate CMBS Fund | 0.09 | 0.13 | 0.17 | 100 | Bank Loan | SFHIX vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.11 | — | — | 98 | Bank Loan | SFHIX vs CAPIX | |
| Hartford Floating Rate High Income Fund | 0.20 | 0.28 | 0.49 | 73 | Bank Loan | SFHIX vs HFHIX | |
| Federated Hermes Floating Rate Strat Inc Fund | 0.24 | 0.28 | 0.44 | 84 | Bank Loan | SFHIX vs FFRSX |
See all 37 diversifiers for SFHIX
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