Looking to diversify beyond HDPSX? The mutual funds below have historically moved differently from HDPSX, 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 HDPSX
0 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 0.37, down from 0.76 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Core Fund | 0.37 | 0.59 | 0.76 | 67 | Small Cap Blend Equities | HDPSX vs QISCX | |
| DFA International Small Company Portfolio | 0.59 | 0.61 | 0.68 | 60 | Foreign Small & Mid Cap Equities, Small Cap Blend Equities | HDPSX vs DFISX | |
| Auer Growth Fund | 0.66 | 0.75 | 0.83 | 91 | Small Cap Blend Equities | HDPSX vs AUERX | |
| Loomis Sayles Small Cap Value Fund | 0.66 | 0.82 | 0.87 | 72 | Small Cap Blend Equities | HDPSX vs LSSCX | |
| Hennessy Cornerstone Growth Fund | 0.66 | 0.78 | 0.82 | 53 | Small Cap Blend Equities | HDPSX vs HFCGX |
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