Looking to diversify beyond HAMVX? The mutual funds below have the lowest correlation with HAMVX — 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 HAMVX.
Best Diversifiers for HAMVX
0 mutual funds have low correlation with HAMVX (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 0.58, down from 0.72 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Harbor Convertible Securities Fund | 0.58 | 0.67 | 0.72 | 88 | Convertible Bonds | HAMVX vs HICSX | |
| Northern Income Equity Fund | 0.62 | 0.71 | 0.79 | 77 | Large Cap Value Equities | HAMVX vs NOIEX | |
| Harbor Overseas Fund | 0.63 | 0.64 | 0.69 | 58 | Foreign Large Cap Equities | HAMVX vs HAONX | |
| Fidelity 500 Index Fund | 0.65 | 0.69 | 0.76 | 66 | S&P 500 | HAMVX vs FXAIX | |
| Invesco Value Opportunities Fund Class Y | 0.75 | 0.82 | 0.88 | 81 | Mid Cap Value Equities | HAMVX vs VVOIX |
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