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Hodges Small Cap Fund (HDPSX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in the stocks of small capitalization ("small cap") companies. The adviser defines small cap companies as those whose market capitalization, at the time of purchase, are consistent with the market capitalizations of companies in the Russell 2000 Index.

Looking to diversify beyond HDPSX? The mutual funds below have the lowest correlation with HDPSX — 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 HDPSX.

Best Diversifiers for HDPSX

1 mutual funds have low correlation with HDPSX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Core Fund (QISCX) (Small Cap Blend Equities) with a 1Y correlation of 0.25, down from 0.76 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
QISCX
Federated Hermes MDT Small Cap Core Fund0.250.600.76
51
Small Cap Blend EquitiesHDPSX vs QISCX
JESIX
John Hancock Variable Insurance Trust Small Cap In...0.650.790.86
65
Small Cap Blend EquitiesHDPSX vs JESIX
AUERX
Auer Growth Fund0.670.770.84
91
Small Cap Blend EquitiesHDPSX vs AUERX
HDPBX
Hodges Blue Chip Equity Income Fund0.680.730.78
51
Large Cap Blend EquitiesHDPSX vs HDPBX
NEFJX
Natixis Funds Trust I Vaughan Nelson Small Cap Val...0.700.760.84
51
Small Cap Blend EquitiesHDPSX vs NEFJX
See all 93 diversifiers for HDPSX

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