Looking to diversify beyond SSHFX? The mutual funds below have the lowest correlation with SSHFX — 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 SSHFX.
Best Diversifiers for SSHFX
1 mutual funds have low correlation with SSHFX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.21, down from 0.74 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.21 | 0.55 | 0.74 | 65 | Large Cap Value Equities | SSHFX vs LEIFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.46 | 0.57 | 0.67 | 78 | Large Cap Value Equities | SSHFX vs SVAIX | |
| Hennessy Cornerstone Value Fund | 0.58 | 0.72 | 0.79 | 81 | Large Cap Value Equities | SSHFX vs HFCVX | |
| Rational Equity Armor Fund | 0.60 | 0.62 | 0.70 | 55 | Large Cap Value Equities | SSHFX vs HDCTX | |
| Smead Value Fund | 0.65 | 0.78 | 0.83 | 62 | Large Cap Value Equities | SSHFX vs SMVLX |
See all 39 diversifiers for SSHFX
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