Looking to diversify beyond XSIAX? The mutual funds below have the lowest correlation with XSIAX — 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 XSIAX.
Best Diversifiers for XSIAX
3 mutual funds have low correlation with XSIAX (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 -0.13, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.13 | -0.00 | 0.05 | 84 | Bank Loan | XSIAX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.05 | — | — | 98 | Bank Loan | XSIAX vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 0.20 | 0.15 | 0.16 | 100 | Bank Loan | XSIAX vs RCRIX | |
| Calvert Floating-Rate Advantage Fund | 0.38 | 0.47 | 0.61 | 67 | Bank Loan | XSIAX vs CFOIX | |
| Payden Floating Rate Fund | 0.40 | 0.38 | 0.52 | 98 | Bank Loan | XSIAX vs PYFRX |
See all 18 diversifiers for XSIAX
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