Looking to diversify beyond HDQVX? The mutual funds below have the lowest correlation with HDQVX — 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 HDQVX.
Best Diversifiers for HDQVX
2 mutual funds have low correlation with HDQVX (below 0.3), 0 of which are negatively correlated. The least correlated is NXG Cushing® Midstream Energy Fund (SRV) (Energy Equities) with a 1Y correlation of 0.02, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| NXG Cushing® Midstream Energy Fund | 0.02 | 0.18 | 0.29 | 75 | Energy Equities | HDQVX vs SRV | |
| NXG NextGen Infrastructure Income Fund | 0.22 | 0.25 | — | 75 | Global Equity Income | HDQVX vs NXG | |
| Janus Henderson Global Technology and Innovation F... | 0.60 | 0.61 | 0.67 | 52 | Technology Equities | HDQVX vs JATIX | |
| Janus Henderson VIT Global Technology and Innovati... | 0.61 | 0.62 | 0.67 | 51 | Technology Equities | HDQVX vs JGLTX | |
| Janus Global Technology and Innovation Fund | 0.61 | 0.62 | 0.67 | 51 | Technology Equities | HDQVX vs JAGTX |
See all 8 diversifiers for HDQVX
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