Looking to diversify beyond HCYIX? The mutual funds below have historically moved differently from HCYIX, 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 HCYIX
1 mutual funds have low correlation with HCYIX (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 -0.03, down from 0.11 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... | -0.03 | 0.22 | 0.11 | 85 | Tactical Allocation | HCYIX vs PBAIX | |
| AQR Diversifying Strategies Fund Class N | 0.38 | 0.31 | 0.09 | 92 | Tactical Allocation | HCYIX vs QDSNX | |
| Quantified Evolution Plus Fund | 0.41 | 0.50 | 0.41 | 84 | Tactical Allocation | HCYIX vs QEVOX | |
| Hussman Strategic Total Return Fund | 0.51 | 0.44 | 0.49 | 95 | Tactical Allocation | HCYIX vs HSTRX | |
| Invesco Balanced-Risk Allocation Fund | 0.55 | 0.55 | 0.55 | 93 | Tactical Allocation | HCYIX vs ABRYX |
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