Looking to diversify beyond HDVYX? The mutual funds below have historically moved differently from HDVYX, 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 HDVYX
0 mutual funds have low correlation with HDVYX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.38, down from 0.66 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.38 | 0.54 | 0.66 | 87 | Foreign Large Cap Equities | HDVYX vs IVFIX | |
| The Hartford Equity Income Fund | 0.47 | 0.59 | 0.67 | 84 | Dividend, Large Cap Value Equities | HDVYX vs HQIYX | |
| GQG Partners International Quality Dividend Income... | 0.47 | 0.66 | 0.72 | 65 | Quality Factor, Foreign Large Cap Equities | HDVYX vs GQJPX | |
| Fidelity Advisor Canada Fund Class A | 0.55 | 0.68 | 0.75 | 51 | Foreign Large Cap Equities | HDVYX vs FACNX | |
| Fidelity Canada Fund | 0.55 | 0.68 | 0.75 | 57 | Foreign Large Cap Equities | HDVYX vs FICDX |
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