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 Harbor Convertible Securities Fund (HICSX) (Convertible Bonds) with a 1Y correlation of 0.59, roughly unchanged from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Harbor Convertible Securities Fund | 0.59 | 0.62 | 0.67 | 88 | Convertible Bonds | HAINX vs HICSX | |
| Kopernik International Fund | 0.60 | 0.52 | 0.63 | 53 | Foreign Large Cap Equities | HAINX vs KGIIX | |
| American Beacon Tocqueville International Value Fu... | 0.64 | 0.72 | 0.81 | 94 | Foreign Large Cap Equities | HAINX vs TIVFX | |
| Thornburg Global Opportunities Fund | 0.65 | 0.73 | 0.80 | 91 | Foreign Large Cap Equities | HAINX vs THOIX | |
| Harbor Mid Cap Value Fund | 0.66 | 0.67 | 0.72 | 88 | Mid Cap Value Equities | HAINX vs HAMVX |
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