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HCM Income Plus Fund (HCMKX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 2026

The fund seeks to achieve its investment objective through investments in ETFs that invest in foreign (including emerging markets) and domestic (i) equity securities of any market capitalization (ii) fixed income securities of any maturity, duration and credit quality (including "junk bonds") (iii) investment companies (mutual funds, closed-end funds and ETFs) and (iv) cash and cash equivalents and put and call options. The adviser maintains the ability to invest a large percentage of the fund's holdings in one asset class of the market.

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

Best Diversifiers for HCMKX

13 mutual funds have low correlation with HCMKX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.28, down from -0.05 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SIFAX
SEI Institutional Managed Trust Multi-Asset Inflat...-0.28-0.16-0.05
60
Diversified PortfolioHCMKX vs SIFAX
MHELX
MH Elite Small Cap Fund of Funds Fund0.020.120.41
67
Diversified PortfolioHCMKX vs MHELX
AAAAX
DWS RREEF Real Assets Fund - Class A0.210.350.46
52
Diversified PortfolioHCMKX vs AAAAX
FCSRX
Fidelity Advisor Strategic Real Return Fund Class ...0.220.360.42
86
Diversified PortfolioHCMKX vs FCSRX
FIQDX
Fidelity Advisor Strategic Real Return Fund Class ...0.230.350.42
91
Diversified PortfolioHCMKX vs FIQDX
See all 32 diversifiers for HCMKX

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Diversification Analysis

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