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Hartford Moderate Allocation Fund (HBAAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The fund seeks to meet its investment objective through investment in a combination of other mutual funds and ETFs advised by Hartford Funds Management Company, LLC or a wholly owned subsidiary of the Investment Manager (the "underlying funds"). The underlying funds, include fixed income funds, equity funds and funds that may have exposures to alternative asset classes, including commodities. The Investment Manager anticipates allocating approximately 45%-75% of the fund's total assets to the equity component and approximately 25%-55% of the fund's total assets to the fixed income component.

Looking to diversify beyond HBAAX? The mutual funds below have the lowest correlation with HBAAX — 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 HBAAX.

Best Diversifiers for HBAAX

2 mutual funds have low correlation with HBAAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.05, down from 0.51 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MHELX
MH Elite Small Cap Fund of Funds Fund0.050.180.51
64
Diversified PortfolioHBAAX vs MHELX
HHMIX
Hartford Municipal Opportunities Fund0.260.250.21
66
Municipal BondsHBAAX vs HHMIX
FCSRX
Fidelity Advisor Strategic Real Return Fund Class ...0.380.580.64
95
Diversified PortfolioHBAAX vs FCSRX
FSIRX
Fidelity Advisor Strategic Real Return Fund Class ...0.380.590.64
96
Diversified PortfolioHBAAX vs FSIRX
FIQDX
Fidelity Advisor Strategic Real Return Fund Class ...0.380.580.64
96
Diversified PortfolioHBAAX vs FIQDX
See all 28 diversifiers for HBAAX

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