Looking to diversify beyond HCYAX? The mutual funds below have the lowest correlation with HCYAX — 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 HCYAX.
Best Diversifiers for HCYAX
1 mutual funds have low correlation with HCYAX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.06, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.06 | 0.19 | 0.10 | 75 | Tactical Allocation | HCYAX vs PBAIX | |
| Quantified Evolution Plus Fund | 0.36 | 0.50 | 0.41 | 80 | Tactical Allocation | HCYAX vs QEVOX | |
| AQR Diversifying Strategies Fund Class N | 0.39 | 0.31 | 0.11 | 88 | Tactical Allocation | HCYAX vs QDSNX | |
| Hussman Strategic Total Return Fund | 0.49 | 0.45 | 0.48 | 89 | Tactical Allocation | HCYAX vs HSTRX | |
| Invesco Balanced-Risk Allocation Fund | 0.54 | 0.55 | 0.55 | 90 | Tactical Allocation | HCYAX vs ABRYX |
See all 25 diversifiers for HCYAX
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