Looking to diversify beyond HDCTX? The mutual funds below have the lowest correlation with HDCTX — 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 HDCTX.
Best Diversifiers for HDCTX
7 mutual funds have low correlation with HDCTX (below 0.3), 1 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of -0.01, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | -0.01 | 0.22 | 0.46 | 53 | Large Cap Value Equities | HDCTX vs LEXCX | |
| Federated Hermes Strategic Value Dividend Fund | 0.15 | 0.22 | 0.44 | 70 | Large Cap Value Equities | HDCTX vs SVAIX | |
| Rational Special Situations Income Fund | 0.18 | 0.10 | 0.08 | 97 | Multisector Bonds | HDCTX vs RFXIX | |
| Hennessy Cornerstone Value Fund | 0.22 | 0.35 | 0.54 | 89 | Large Cap Value Equities | HDCTX vs HFCVX | |
| Buffalo Flexible Income Fund | 0.24 | 0.45 | 0.61 | 71 | Large Cap Value Equities | HDCTX vs BUFBX |
See all 171 diversifiers for HDCTX
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