Looking to diversify beyond HERIX? The mutual funds below have historically moved differently from HERIX, 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 HERIX
2 mutual funds have low correlation with HERIX (below 0.3), 0 of which are negatively correlated. The least correlated is The Hartford Equity Income Fund (HQIYX) (Dividend) with a 1Y correlation of 0.23, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Hartford Equity Income Fund | 0.23 | 0.39 | 0.46 | 84 | Dividend, Large Cap Value Equities | HERIX vs HQIYX | |
| The Cook & Bynum Fund | 0.24 | 0.36 | 0.45 | 62 | Emerging Markets Equities | HERIX vs COBYX | |
| The Hartford Balanced Income Fund | 0.32 | 0.39 | 0.46 | 53 | Diversified Portfolio | HERIX vs HBLYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.44 | 0.63 | 0.69 | 96 | Emerging Markets Equities | HERIX vs ESCIX | |
| The Hartford Dividend and Growth Fund | 0.47 | 0.51 | 0.55 | 93 | Large Cap Value Equities | HERIX vs HDGYX |
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