Looking to diversify beyond HCYAX? The mutual funds below have historically moved differently from HCYAX, 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 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.06 | 0.21 | 0.10 | 85 | Tactical Allocation | HCYAX vs PBAIX | |
| AQR Diversifying Strategies Fund Class N | 0.39 | 0.31 | 0.10 | 92 | Tactical Allocation | HCYAX vs QDSNX | |
| Quantified Evolution Plus Fund | 0.41 | 0.50 | 0.41 | 84 | Tactical Allocation | HCYAX vs QEVOX | |
| Hussman Strategic Total Return Fund | 0.50 | 0.44 | 0.48 | 95 | Tactical Allocation | HCYAX vs HSTRX | |
| Invesco Balanced-Risk Allocation Fund | 0.54 | 0.54 | 0.55 | 93 | Tactical Allocation | HCYAX vs ABRYX |
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