Looking to diversify beyond HCAYX? The mutual funds below have the lowest correlation with HCAYX — 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 HCAYX.
Best Diversifiers for HCAYX
4 mutual funds have low correlation with HCAYX (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 0.17, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.17 | 0.15 | 0.12 | 66 | Municipal Bonds | HCAYX vs HHMIX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.27 | 0.62 | 0.79 | 56 | Large Cap Blend Equities | HCAYX vs QKACX | |
| Federated Hermes MDT All Cap Core Fund | 0.28 | 0.62 | 0.79 | 56 | Large Cap Blend Equities | HCAYX vs QIACX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.28 | 0.15 | 0.13 | 73 | Large Cap Blend Equities | HCAYX vs SVPFX | |
| The Hartford Strategic Income Fund | 0.45 | 0.35 | 0.32 | 66 | Multisector Bonds | HCAYX vs HSNIX |
See all 42 diversifiers for HCAYX
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