Looking to diversify beyond HAOYX? The mutual funds below have the lowest correlation with HAOYX — 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 HAOYX.
Best Diversifiers for HAOYX
1 mutual funds have low correlation with HAOYX (below 0.3), 0 of which are negatively correlated. The least correlated is Hartford Municipal Opportunities Fund (HHMIX) (Municipal Bonds) with a 1Y correlation of 0.23, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.23 | 0.16 | 0.14 | 66 | Municipal Bonds | HAOYX vs HHMIX | |
| The Hartford Strategic Income Fund | 0.47 | 0.39 | 0.37 | 66 | Multisector Bonds | HAOYX vs HSNIX | |
| BlackRock High Yield Bond Portfolio Institutional ... | 0.56 | 0.52 | 0.56 | 82 | High Yield Bonds | HAOYX vs BHYIX | |
| Kopernik International Fund | 0.60 | 0.52 | 0.63 | 81 | Foreign Large Cap Equities | HAOYX vs KGIIX | |
| PIMCO RAE PLUS International Fund | 0.61 | 0.60 | 0.63 | 81 | Foreign Large Cap Equities | HAOYX vs PTSIX |
See all 28 diversifiers for HAOYX
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