Looking to diversify beyond HABDX? The mutual funds below have historically moved differently from HABDX, 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 HABDX
1 mutual funds have low correlation with HABDX (below 0.3), 0 of which are negatively correlated. The least correlated is Harbor Convertible Securities Fund (HICSX) (Convertible Bonds) with a 1Y correlation of 0.23, roughly unchanged from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Harbor Convertible Securities Fund | 0.23 | 0.20 | 0.19 | 57 | Convertible Bonds | HABDX vs HICSX | |
| Harbor Small Cap Value Fund | 0.31 | 0.20 | 0.14 | 86 | Small Cap Blend Equities | HABDX vs HASCX | |
| Holbrook Income Fund Class I | 0.34 | 0.31 | 0.38 | 98 | Intermediate Core-Plus Bond | HABDX vs HOBIX | |
| Fidelity 500 Index Fund | 0.34 | 0.21 | 0.17 | 70 | S&P 500 | HABDX vs FXAIX | |
| Harbor Mid Cap Value Fund | 0.35 | 0.24 | 0.15 | 97 | Mid Cap Value Equities | HABDX vs HAMVX |
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