Looking to diversify beyond HEQ? The mutual funds below have the lowest correlation with HEQ — 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 HEQ.
Best Diversifiers for HEQ
4 mutual funds have low correlation with HEQ (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.08, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.08 | 0.06 | 0.14 | 76 | Diversified Portfolio | HEQ vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.08 | 0.13 | 0.27 | 63 | Diversified Portfolio | HEQ vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.29 | 0.44 | 0.42 | 96 | Diversified Portfolio | HEQ vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.30 | 0.45 | 0.43 | 96 | Diversified Portfolio | HEQ vs FSIRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.30 | 0.44 | 0.43 | 97 | Diversified Portfolio | HEQ vs FSRKX |
See all 37 diversifiers for HEQ
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Diversification Analysis
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