Looking to diversify beyond XPRTX? The mutual funds below have historically moved differently from XPRTX, 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 XPRTX
16 mutual funds have low correlation with XPRTX (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 -0.04, roughly unchanged from 0.06 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 ... | -0.04 | -0.01 | 0.06 | 92 | Bank Loan | XPRTX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.01 | — | — | 99 | Bank Loan | XPRTX vs CAPIX | |
| Invesco Small Cap Value Fund | 0.08 | 0.20 | 0.31 | 76 | Small Cap Value Equities | XPRTX vs VSCAX | |
| RiverPark Floating Rate CMBS Fund | 0.09 | 0.12 | 0.17 | 99 | Bank Loan | XPRTX vs RCRIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.10 | 0.07 | 0.13 | 100 | Bank Loan, High Yield Bonds | XPRTX vs CCLFX |
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