Looking to diversify beyond SFHIX? The mutual funds below have historically moved differently from SFHIX, 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 SFHIX
6 mutual funds have low correlation with SFHIX (below 0.3), 1 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 -0.01, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.01 | 0.09 | 0.13 | 92 | Bank Loan | SFHIX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.08 | — | — | 99 | Bank Loan | SFHIX vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 0.09 | 0.12 | 0.16 | 99 | Bank Loan | SFHIX vs RCRIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.13 | 0.18 | 0.23 | 100 | Bank Loan, High Yield Bonds | SFHIX vs CCLFX | |
| Hartford Floating Rate High Income Fund | 0.21 | 0.25 | 0.48 | 72 | Bank Loan | SFHIX vs HFHIX |
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