Looking to diversify beyond HESGX? The mutual funds below have the lowest correlation with HESGX — 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 HESGX.
Best Diversifiers for HESGX
1 mutual funds have low correlation with HESGX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.29, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.29 | 0.14 | 0.12 | 72 | Large Cap Blend Equities | HESGX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.52 | 0.35 | 0.42 | 69 | Large Cap Blend Equities | HESGX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.57 | 0.66 | 0.77 | 62 | Large Cap Blend Equities | HESGX vs RCKSX | |
| Glenmede Responsible ESG U.S. Equity Portfolio | 0.66 | 0.78 | 0.85 | 88 | Large Cap Blend Equities | HESGX vs RESGX | |
| Centre American Select Equity Fund | 0.70 | 0.81 | 0.81 | 90 | Large Cap Blend Equities | HESGX vs DHAMX |
See all 41 diversifiers for HESGX
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