Looking to diversify beyond HDOGX? The mutual funds below have historically moved differently from HDOGX, 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 HDOGX
28 mutual funds have low correlation with HDOGX (below 0.3), 3 of which are negatively correlated. The least correlated is AB Emerging Markets Multi-Asset Portfolio (ABIEX) (Diversified Portfolio) with a 1Y correlation of -0.03, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AB Emerging Markets Multi-Asset Portfolio | -0.03 | 0.21 | 0.32 | 62 | Diversified Portfolio | HDOGX vs ABIEX | |
| MH Elite Small Cap Fund of Funds Fund | -0.02 | 0.09 | 0.36 | 66 | Diversified Portfolio | HDOGX vs MHELX | |
| Allspring Diversified Capital Builder Fund | -0.01 | 0.25 | 0.45 | 87 | Diversified Portfolio | HDOGX vs EKBAX | |
| Standpoint Multi-Asset Fund Institutional | 0.03 | 0.28 | 0.38 | 84 | Diversified Portfolio | HDOGX vs BLNDX | |
| PGIM 60/40 Allocation Fund | 0.11 | 0.35 | 0.51 | 76 | Diversified Portfolio | HDOGX vs PALDX |
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