Looking to diversify beyond HCMPX? The mutual funds below have historically moved differently from HCMPX, 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 HCMPX
4 mutual funds have low correlation with HCMPX (below 0.3), 1 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of -0.14, down from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | -0.14 | 0.36 | 0.53 | 62 | Quality Factor, Large Cap Value Equities | HCMPX vs GQHPX | |
| Voya Corporate Leaders Trust Fund | 0.03 | 0.32 | 0.49 | 93 | Large Cap Value Equities | HCMPX vs LEXCX | |
| Federated Hermes Strategic Value Dividend Fund | 0.13 | 0.31 | 0.48 | 94 | Large Cap Value Equities | HCMPX vs SVAIX | |
| Buffalo Flexible Income Fund | 0.25 | 0.54 | 0.66 | 87 | Large Cap Value Equities | HCMPX vs BUFBX | |
| Hennessy Cornerstone Value Fund | 0.32 | 0.49 | 0.61 | 95 | Large Cap Value Equities | HCMPX vs HFCVX |
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