Looking to diversify beyond HAINX? The mutual funds below have the lowest correlation with HAINX — 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 HAINX.
Best Diversifiers for HAINX
0 mutual funds have low correlation with HAINX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.55, down from 0.70 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.55 | 0.59 | 0.70 | 63 | Foreign Large Cap Equities | HAINX vs IVFIX | |
| Harbor Convertible Securities Fund | 0.59 | 0.62 | 0.67 | 80 | Convertible Bonds | HAINX vs HICSX | |
| American Beacon Tocqueville International Value Fu... | 0.63 | 0.71 | 0.80 | 84 | Foreign Large Cap Equities | HAINX vs TIVFX | |
| T. Rowe Price Capital Appreciation Fund | 0.64 | 0.65 | 0.70 | 54 | Diversified Portfolio | HAINX vs PRWCX | |
| Harbor Mid Cap Value Fund | 0.64 | 0.66 | 0.72 | 90 | Mid Cap Value Equities | HAINX vs HAMVX |
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