Looking to diversify beyond XSLCX? The mutual funds below have historically moved differently from XSLCX, 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 XSLCX
11 mutual funds have low correlation with XSLCX (below 0.3), 2 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, down from 0.07 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 | 0.02 | 0.07 | 92 | Bank Loan | XSLCX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | -0.01 | — | — | 99 | Bank Loan | XSLCX vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 0.05 | 0.09 | 0.16 | 99 | Bank Loan | XSLCX vs RCRIX | |
| Invesco Small Cap Value Fund | 0.08 | 0.20 | 0.31 | 76 | Small Cap Value Equities | XSLCX vs VSCAX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.09 | 0.06 | 0.13 | 100 | Bank Loan, High Yield Bonds | XSLCX vs CCLFX |
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