Looking to diversify beyond HABYX? The mutual funds below have historically moved differently from HABYX, 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 HABYX
2 mutual funds have low correlation with HABYX (below 0.3), 0 of which are negatively correlated. The least correlated is Hartford Schroders Emerging Markets Equity Fund Class I (SEMNX) (Emerging Markets Equities) with a 1Y correlation of 0.22, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.22 | 0.14 | 0.13 | 71 | Emerging Markets Equities | HABYX vs SEMNX | |
| The Hartford Equity Income Fund | 0.30 | 0.25 | 0.18 | 77 | Dividend, Large Cap Value Equities | HABYX vs HQIYX | |
| State Street Equity 500 Index Fund Class K | 0.33 | 0.21 | 0.17 | 63 | S&P 500, Large Cap Blend Equities | HABYX vs SSSYX | |
| The Hartford Dividend and Growth Fund | 0.35 | 0.27 | 0.19 | 88 | Large Cap Value Equities | HABYX vs HDGYX | |
| Hartford International Value Fund | 0.37 | 0.29 | 0.22 | 89 | Foreign Large Cap Equities | HABYX vs HILYX |
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