Looking to diversify beyond HACAX? The mutual funds below have historically moved differently from HACAX, 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 HACAX
2 mutual funds have low correlation with HACAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Real Estate Income Fund (FRIFX) (REIT) with a 1Y correlation of 0.15, down from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Real Estate Income Fund | 0.15 | 0.23 | 0.42 | 78 | REIT | HACAX vs FRIFX | |
| DoubleLine Low Duration Bond Fund | 0.19 | 0.08 | 0.11 | 98 | Short-Term Bond | HACAX vs DBLSX | |
| Victory Sycamore Established Value Fund Class R6 | 0.30 | 0.40 | 0.55 | 55 | Mid Cap Value Equities | HACAX vs VEVRX | |
| Touchstone Large Cap Fund | 0.39 | 0.50 | 0.65 | 66 | Large Cap Blend Equities | HACAX vs TLCIX | |
| Harbor Mid Cap Value Fund | 0.40 | 0.44 | 0.56 | 96 | Mid Cap Value Equities | HACAX vs HAMVX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HACAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.06, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.06 | 0.15 | 0.32 | 61 | Financial Services | |
| Roivant Sciences Ltd. | 0.29 | 0.30 | — | 99 | Healthcare |
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