Looking to diversify beyond HAGAX? The mutual funds below have the lowest correlation with HAGAX — 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 HAGAX.
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 0.15, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.15 | 0.27 | 0.40 | 78 | Large Cap Value Equities | HAGAX vs SVAIX | |
| Chartwell Income Fund | 0.33 | 0.42 | 0.49 | 58 | Diversified Portfolio | HAGAX vs BERIX | |
| Chartwell Short Duration High Yield Fund | 0.49 | 0.48 | 0.48 | 97 | High Yield Bonds | HAGAX vs CWFIX | |
| Tanaka Growth Fund | 0.66 | 0.73 | 0.78 | 52 | Mid Cap Growth Equities | HAGAX vs TGFRX | |
| Baron Focused Growth Fund | 0.68 | 0.77 | 0.82 | 53 | Mid Cap Growth Equities | HAGAX vs BFGFX |
See all 26 diversifiers for HAGAX
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Diversification Analysis
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