Looking to diversify beyond SRHQX? The mutual funds below have historically moved differently from SRHQX, 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 SRHQX
7 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 0.13, roughly unchanged from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.13 | 0.16 | 0.21 | 84 | Short-Term Bond | SRHQX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.19 | 0.54 | 0.62 | 69 | Short-Term Bond | SRHQX vs GPARX | |
| DFA Two-Year Fixed Income Portfolio | 0.20 | 0.04 | 0.37 | 100 | Short-Term Bond | SRHQX vs DFCFX | |
| Principal Small-MidCap Dividend Income Fund | 0.24 | 0.16 | 0.12 | 64 | Mid Cap Value Equities | SRHQX vs PMDIX | |
| GuidepathConservative Income Fund | 0.27 | 0.32 | 0.41 | 99 | Short-Term Bond | SRHQX vs GPICX |
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