Looking to diversify beyond HACAX? The mutual funds below have the lowest correlation with HACAX — 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 HACAX.
Best Diversifiers for HACAX
1 mutual funds have low correlation with HACAX (below 0.3), 0 of which are negatively correlated. The least correlated is DoubleLine Low Duration Bond Fund (DBLSX) (Short-Term Bond) with a 1Y correlation of 0.18, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Low Duration Bond Fund | 0.18 | 0.08 | 0.10 | 97 | Short-Term Bond | HACAX vs DBLSX | |
| Emerald Insights Fund | 0.36 | 0.76 | 0.85 | 99 | Large Cap Growth Equities | HACAX vs EFCNX | |
| Harbor Mid Cap Value Fund | 0.41 | 0.44 | 0.55 | 86 | Mid Cap Value Equities | HACAX vs HAMVX | |
| DFA U.S. Small Cap Value Portfolio I | 0.41 | 0.46 | 0.55 | 61 | Small Cap Value Equities | HACAX vs DFSVX | |
| Harbor Small Cap Value Fund | 0.47 | 0.51 | 0.63 | 69 | Small Cap Blend Equities | HACAX vs HASCX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HACAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HACAX and solid risk/return profiles. The least correlated is Roivant Sciences Ltd. (ROIV) (Healthcare) with a 1Y correlation of 0.26, roughly unchanged from 0.31 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Roivant Sciences Ltd. | 0.26 | 0.31 | — | 98 | Healthcare |
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