Looking to diversify beyond HESGX? The mutual funds below have historically moved differently from HESGX, 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 HESGX
0 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 0.35, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.35 | 0.16 | 0.13 | 97 | Large Cap Blend Equities | HESGX vs SVPFX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.45 | 0.60 | 0.77 | 50 | Large Cap Blend Equities | HESGX vs QKACX | |
| Federated Hermes MDT All Cap Core Fund | 0.46 | 0.60 | 0.77 | 53 | Large Cap Blend Equities | HESGX vs QIACX | |
| North Square Preferred and Income Securities Fund | 0.53 | 0.35 | 0.40 | 59 | Preferred Stock | HESGX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.54 | 0.66 | 0.77 | 89 | Large Cap Blend Equities | HESGX vs RCKSX |
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