Looking to diversify beyond HEOYX? The mutual funds below have the lowest correlation with HEOYX — 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 HEOYX.
Best Diversifiers for HEOYX
1 mutual funds have low correlation with HEOYX (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 0.22, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.22 | 0.20 | 0.15 | 67 | Municipal Bonds | HEOYX vs HHMIX | |
| The Hartford Strategic Income Fund | 0.49 | 0.42 | 0.37 | 61 | Multisector Bonds | HEOYX vs HSNIX | |
| Polaris Global Value Fund | 0.61 | 0.73 | 0.78 | 92 | Global Equities | HEOYX vs PGVFX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.64 | 0.74 | 0.79 | 76 | Global Equities | HEOYX vs RTXAX | |
| Wasatch Global Value Fund Investor Class Shares | 0.65 | 0.63 | 0.71 | 86 | Global Equities | HEOYX vs FMIEX |
See all 28 diversifiers for HEOYX
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