Looking to diversify beyond HEIIX? The mutual funds below have the lowest correlation with HEIIX — 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 HEIIX.
Best Diversifiers for HEIIX
1 mutual funds have low correlation with HEIIX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.04, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.14 | 0.47 | 67 | Diversified Portfolio | HEIIX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.52 | 0.56 | 86 | Diversified Portfolio | HEIIX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.52 | 0.56 | 91 | Diversified Portfolio | HEIIX vs FIQDX | |
| Standpoint Multi-Asset Fund Institutional | 0.39 | 0.48 | 0.51 | 80 | Diversified Portfolio | HEIIX vs BLNDX | |
| Fidelity Strategic Real Return Fund | 0.39 | 0.53 | 0.57 | 90 | Diversified Portfolio | HEIIX vs FSRRX |
See all 27 diversifiers for HEIIX
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