Looking to diversify beyond HAMVX? The mutual funds below have historically moved differently from HAMVX, 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 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 0.51, down from 0.69 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Harbor Convertible Securities Fund | 0.51 | 0.64 | 0.69 | 52 | Convertible Bonds | HAMVX vs HICSX | |
| Harbor International Small Cap Fund | 0.55 | 0.58 | 0.66 | 50 | Foreign Small & Mid Cap Equities | HAMVX vs HIISX | |
| Harbor Overseas Fund | 0.58 | 0.62 | 0.68 | 74 | Foreign Large Cap Equities | HAMVX vs HAONX | |
| Northern Income Equity Fund | 0.60 | 0.70 | 0.78 | 77 | Large Cap Value Equities, Dividend, Actively Managed | HAMVX vs NOIEX | |
| Fidelity 500 Index Fund | 0.61 | 0.68 | 0.75 | 59 | S&P 500 | HAMVX vs FXAIX |
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