Looking to diversify beyond HDIVX? The mutual funds below have the lowest correlation with HDIVX — 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 HDIVX.
Best Diversifiers for HDIVX
0 mutual funds have low correlation with HDIVX (below 0.3), 0 of which are negatively correlated. The least correlated is Kopernik International Fund (KGIIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.56, roughly unchanged from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Kopernik International Fund | 0.56 | 0.48 | 0.58 | 81 | Foreign Large Cap Equities | HDIVX vs KGIIX | |
| Janus Henderson VIT Global Technology and Innovati... | 0.59 | 0.61 | 0.66 | 80 | Technology Equities | HDIVX vs JGLTX | |
| Janus Henderson Global Technology and Innovation F... | 0.59 | 0.62 | 0.66 | 79 | Technology Equities | HDIVX vs JATIX | |
| Janus Global Technology and Innovation Fund | 0.59 | 0.62 | 0.66 | 79 | Technology Equities | HDIVX vs JAGTX | |
| Janus Henderson Global Technology and Innovation F... | 0.59 | 0.62 | 0.66 | 79 | Technology Equities | HDIVX vs JNGTX |
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