Looking to diversify beyond HCMAX? The mutual funds below have the lowest correlation with HCMAX — 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 HCMAX.
Best Diversifiers for HCMAX
0 mutual funds have low correlation with HCMAX (below 0.3), 0 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of 0.30, down from 0.51 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.30 | 0.51 | — | 53 | Large Cap Value Equities | HCMAX vs LEXCX | |
| Rational Equity Armor Fund | 0.41 | 0.53 | — | 57 | Large Cap Value Equities | HCMAX vs HDCTX | |
| Federated Hermes Strategic Value Dividend Fund | 0.50 | 0.60 | — | 70 | Large Cap Value Equities | HCMAX vs SVAIX | |
| Neiman Large Cap Value Fund | 0.52 | 0.67 | — | 94 | Large Cap Value Equities | HCMAX vs NEIMX | |
| Buffalo Flexible Income Fund | 0.54 | 0.65 | — | 71 | Large Cap Value Equities | HCMAX vs BUFBX |
See all 27 diversifiers for HCMAX
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