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
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 0.06, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| NXG Cushing® Midstream Energy Fund | 0.06 | 0.19 | 0.30 | 58 | Energy Equities | HDDVX vs SRV | |
| Janus Henderson VIT Global Technology and Innovati... | 0.60 | 0.61 | 0.66 | 75 | Technology Equities | HDDVX vs JGLTX | |
| Janus Henderson Global Technology and Innovation F... | 0.60 | 0.62 | 0.66 | 75 | Technology Equities | HDDVX vs JATIX | |
| Janus Global Technology and Innovation Fund | 0.60 | 0.62 | 0.67 | 75 | Technology Equities | HDDVX vs JAGTX | |
| Janus Henderson Global Technology and Innovation F... | 0.60 | 0.62 | 0.66 | 75 | Technology Equities | HDDVX vs JNGTX |
See all 8 diversifiers for HDDVX
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Diversification Analysis
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