Looking to diversify beyond HCYIX? The mutual funds below have the lowest correlation with HCYIX — 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 HCYIX.
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 -0.05, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.05 | 0.20 | 0.11 | 75 | Tactical Allocation | HCYIX vs PBAIX | |
| Quantified Evolution Plus Fund | 0.36 | 0.50 | 0.41 | 80 | Tactical Allocation | HCYIX vs QEVOX | |
| AQR Diversifying Strategies Fund Class N | 0.40 | 0.31 | 0.10 | 88 | Tactical Allocation | HCYIX vs QDSNX | |
| Hussman Strategic Total Return Fund | 0.50 | 0.45 | 0.48 | 89 | Tactical Allocation | HCYIX vs HSTRX | |
| Invesco Balanced-Risk Allocation Fund | 0.55 | 0.55 | 0.56 | 90 | Tactical Allocation | HCYIX vs ABRYX |
See all 26 diversifiers for HCYIX
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Diversification Analysis
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