Looking to diversify beyond HABYX? The mutual funds below have the lowest correlation with HABYX — 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 HABYX.
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 0.20, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.20 | 0.14 | 0.12 | 91 | Emerging Markets Equities | HABYX vs SEMNX | |
| TIAA-CREF Social Choice Equity Fund | 0.29 | 0.23 | 0.17 | 57 | Large Cap Blend Equities | HABYX vs TISCX | |
| State Street Equity 500 Index Fund Class K | 0.32 | 0.21 | 0.16 | 66 | S&P 500, Large Cap Blend Equities | HABYX vs SSSYX | |
| The Hartford Dividend and Growth Fund | 0.38 | 0.27 | 0.18 | 64 | Large Cap Value Equities | HABYX vs HDGYX | |
| Hartford International Value Fund | 0.39 | 0.30 | 0.21 | 61 | Foreign Large Cap Equities | HABYX vs HILYX |
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