Looking to diversify beyond HEQFX? The mutual funds below have historically moved differently from HEQFX, 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 HEQFX
0 mutual funds have low correlation with HEQFX (below 0.3), 0 of which are negatively correlated. The least correlated is Tarkio Fund (TARKX) (Mid Cap Blend Equities) with a 1Y correlation of 0.61, down from 0.82 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Tarkio Fund | 0.61 | 0.76 | 0.82 | 65 | Mid Cap Blend Equities | HEQFX vs TARKX | |
| Paradigm Select Fund | 0.65 | 0.77 | 0.82 | 90 | Mid Cap Blend Equities | HEQFX vs PFSLX | |
| 13D Activist Fund | 0.65 | 0.78 | 0.84 | 78 | Mid Cap Blend Equities | HEQFX vs DDDIX | |
| Hodges Fund | 0.66 | 0.74 | 0.80 | 59 | Mid Cap Blend Equities | HEQFX vs HDPMX | |
| Gotham Enhanced Return Fund | 0.68 | 0.71 | 0.78 | 88 | Mid Cap Blend Equities | HEQFX vs GENIX |
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