Looking to diversify beyond HDDVX? The mutual funds below have the lowest correlation with HDDVX — 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 HDDVX.
Best Diversifiers for HDDVX
2 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 0.02, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| NXG Cushing® Midstream Energy Fund | 0.02 | 0.18 | 0.29 | 77 | Energy Equities | HDDVX vs SRV | |
| NXG NextGen Infrastructure Income Fund | 0.22 | 0.25 | — | 78 | Global Equity Income | HDDVX vs NXG | |
| Janus Henderson U.S. Dividend Income Fund Class D | 0.67 | 0.64 | — | 72 | Dividend | HDDVX vs JDDVX | |
| Janus Henderson Global Equity Income Fund Class T | 0.87 | 0.88 | 0.91 | 69 | Global Equity Income | HDDVX vs HFQTX | |
| Janus Henderson Global Equity Income Fund | 0.87 | 0.89 | 0.92 | 68 | Foreign Large Cap Equities | HDDVX vs HFQAX |
See all 6 diversifiers for HDDVX
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