Looking to diversify beyond SPFLX? The mutual funds below have the lowest correlation with SPFLX — 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 SPFLX.
Best Diversifiers for SPFLX
29 mutual funds have low correlation with SPFLX (below 0.3), 2 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 -0.03, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.03 | -0.02 | 0.06 | 81 | Bank Loan | SPFLX vs XPTFX | |
| Hartford Floating Rate High Income Fund | -0.03 | 0.26 | 0.45 | 74 | Bank Loan | SPFLX vs HFHIX | |
| RiverPark Floating Rate CMBS Fund | 0.05 | 0.07 | 0.10 | 100 | Bank Loan | SPFLX vs RCRIX | |
| Loomis Sayles Senior Floating Rate and Fixed Incom... | 0.07 | 0.25 | 0.45 | 64 | Bank Loan | SPFLX vs LSFYX | |
| American Beacon Frontier Markets Income Fund | 0.07 | 0.15 | 0.24 | 98 | Emerging Markets Bonds | SPFLX vs AGEPX |
See all 29 diversifiers for SPFLX
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