Looking to diversify beyond HERIX? The mutual funds below have the lowest correlation with HERIX — 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 HERIX.
Best Diversifiers for HERIX
1 mutual funds have low correlation with HERIX (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 0.16, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.16 | 0.10 | 0.10 | 66 | Municipal Bonds | HERIX vs HHMIX | |
| The Hartford Strategic Income Fund | 0.34 | 0.26 | 0.28 | 60 | Multisector Bonds | HERIX vs HSNIX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.53 | 0.66 | 0.71 | 85 | Emerging Markets Diversified | HERIX vs ESCIX | |
| The Hartford Dividend and Growth Fund | 0.54 | 0.55 | 0.56 | 58 | Large Cap Value Equities | HERIX vs HDGYX | |
| Hartford International Value Fund | 0.63 | 0.67 | 0.70 | 55 | Foreign Large Cap Equities | HERIX vs HILYX |
See all 30 diversifiers for HERIX
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