Looking to diversify beyond HAGAX? The mutual funds below have historically moved differently from HAGAX, 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 HAGAX
1 mutual funds have low correlation with HAGAX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of 0.05, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.05 | 0.24 | 0.38 | 94 | Large Cap Value Equities | HAGAX vs SVAIX | |
| Chartwell Income Fund | 0.34 | 0.40 | 0.48 | 81 | Diversified Portfolio | HAGAX vs BERIX | |
| Chartwell Short Duration High Yield Fund | 0.46 | 0.48 | 0.48 | 97 | High Yield Bonds | HAGAX vs CWFIX | |
| American Century Mid Cap Value R6 | 0.51 | 0.57 | 0.66 | 71 | Mid Cap Value Equities | HAGAX vs AMDVX | |
| Chartwell Small Cap Value Fund | 0.66 | 0.70 | 0.73 | 74 | Small Cap Value Equities | HAGAX vs CWSIX |
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