Looking to diversify beyond SRHQX? The mutual funds below have the lowest correlation with SRHQX — 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 SRHQX.
Best Diversifiers for SRHQX
6 mutual funds have low correlation with SRHQX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.16, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.16 | 0.18 | 0.21 | 80 | Short-Term Bond | SRHQX vs LCCMX | |
| Principal SmallCap S&P 600 Index Fund | 0.21 | 0.16 | 0.11 | 66 | Small Cap Blend Equities | SRHQX vs PSSMX | |
| Principal Small-MidCap Dividend Income Fund | 0.21 | 0.17 | 0.11 | 53 | Mid Cap Value Equities | SRHQX vs PMDIX | |
| DFA Short-Duration Real Return Portfolio | 0.25 | 0.25 | 0.37 | 98 | Short-Term Bond | SRHQX vs DFAIX | |
| Principal Equity Income Fund | 0.25 | 0.18 | 0.13 | 71 | Large Cap Value Equities | SRHQX vs PQIAX |
See all 20 diversifiers for SRHQX
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