Looking to diversify beyond HDVYX? The mutual funds below have the lowest correlation with HDVYX — 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 HDVYX.
Best Diversifiers for HDVYX
1 mutual funds have low correlation with HDVYX (below 0.3), 0 of which are negatively correlated. The least correlated is Hartford Municipal Opportunities Fund (HHMIX) (Municipal Bonds) with a 1Y correlation of 0.26, up from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.26 | 0.18 | 0.16 | 66 | Municipal Bonds | HDVYX vs HHMIX | |
| The Hartford Strategic Income Fund | 0.48 | 0.41 | 0.39 | 66 | Multisector Bonds | HDVYX vs HSNIX | |
| Kopernik International Fund | 0.63 | 0.55 | 0.66 | 81 | Foreign Large Cap Equities | HDVYX vs KGIIX | |
| PIMCO RAE PLUS International Fund | 0.63 | 0.64 | 0.67 | 81 | Foreign Large Cap Equities | HDVYX vs PTSIX | |
| SA International Value Fund | 0.65 | 0.68 | 0.75 | 87 | Foreign Large Cap Equities | HDVYX vs SAHMX |
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