Looking to diversify beyond HCMAX? The mutual funds below have historically moved differently from HCMAX, 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 HCMAX
3 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 0.21, down from 0.49 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.21 | 0.49 | — | 93 | Large Cap Value Equities | HCMAX vs LEXCX | |
| AMG Yacktman Focused Fund | 0.26 | 0.56 | — | 89 | Large Cap Value Equities | HCMAX vs YAFFX | |
| GQG Partners US Quality Dividend Income Fund | 0.29 | 0.50 | 0.59 | 62 | Quality Factor, Large Cap Value Equities | HCMAX vs GQHPX | |
| Neiman Large Cap Value Fund | 0.38 | 0.61 | — | 95 | Large Cap Value Equities | HCMAX vs NEIMX | |
| Federated Hermes Strategic Value Dividend Fund | 0.46 | 0.58 | — | 94 | Large Cap Value Equities | HCMAX vs SVAIX |
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