Looking to diversify beyond HDPMX? The mutual funds below have the lowest correlation with HDPMX — 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 HDPMX.
Best Diversifiers for HDPMX
0 mutual funds have low correlation with HDPMX (below 0.3), 0 of which are negatively correlated. The least correlated is John Hancock Variable Insurance Trust Mid Cap Index Trust Fund (JECIX) (Mid Cap Blend Equities) with a 1Y correlation of 0.63, down from 0.82 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| John Hancock Variable Insurance Trust Mid Cap Inde... | 0.63 | 0.73 | 0.82 | 68 | Mid Cap Blend Equities | HDPMX vs JECIX | |
| Federated Hermes Mid Cap Index Fund | 0.65 | 0.74 | 0.82 | 66 | Mid Cap Blend Equities | HDPMX vs FMDCX | |
| Quantified Common Ground Fund | 0.65 | 0.69 | 0.72 | 53 | Mid Cap Blend Equities | HDPMX vs QCGDX | |
| Natixis Funds Trust II Vaughan Nelson Mid Cap Fund | 0.66 | 0.69 | 0.76 | 80 | Mid Cap Blend Equities | HDPMX vs VNVYX | |
| Gabelli Value 25 Fund | 0.67 | 0.71 | 0.78 | 68 | Mid Cap Blend Equities | HDPMX vs GABVX |
See all 57 diversifiers for HDPMX
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Diversification Analysis
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