Looking to diversify beyond HDDVX? The mutual funds below have historically moved differently from HDDVX, 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 HDDVX
1 mutual funds have low correlation with HDDVX (below 0.3), 0 of which are negatively correlated. The least correlated is NXG Cushing® Midstream Energy Fund (SRV) (Energy Equities) with a 1Y correlation of 0.03, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| NXG Cushing® Midstream Energy Fund | 0.03 | 0.18 | 0.28 | 53 | Energy Equities | HDDVX vs SRV | |
| Janus Henderson U.S. Dividend Income Fund Class D | 0.67 | 0.64 | — | 85 | Dividend | HDDVX vs JDDVX | |
| Eaton Vance Tax-Managed Global Diversified Equity ... | 0.69 | 0.69 | 0.72 | 64 | Dividend, Global Equity Income | HDDVX vs EXG | |
| Janus Henderson Global Equity Income Fund Class T | 0.87 | 0.88 | 0.91 | 86 | Global Equity Income | HDDVX vs HFQTX | |
| Janus Henderson Global Equity Income Fund | 0.87 | 0.89 | 0.92 | 86 | Dividend, Foreign Large Cap Equities | HDDVX vs HFQAX |
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