Looking to diversify beyond HADAX? The mutual funds below have the lowest correlation with HADAX — 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 HADAX.
Best Diversifiers for HADAX
3 mutual funds have low correlation with HADAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.12, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.12 | 0.03 | 0.14 | 73 | Diversified Portfolio | HADAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.19 | 0.50 | 64 | Diversified Portfolio | HADAX vs MHELX | |
| Hartford Municipal Opportunities Fund | 0.20 | 0.22 | 0.18 | 66 | Municipal Bonds | HADAX vs HHMIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.30 | 0.53 | 0.58 | 95 | Diversified Portfolio | HADAX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.30 | 0.53 | 0.59 | 96 | Diversified Portfolio | HADAX vs FSIRX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HADAX
Add HADAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HADAX