Looking to diversify beyond HFADX? The mutual funds below have the lowest correlation with HFADX — 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 HFADX.
Best Diversifiers for HFADX
5 mutual funds have low correlation with HFADX (below 0.3), 0 of which are negatively correlated. The least correlated is Janus Global Technology and Innovation Fund (JAGTX) (Technology Equities) with a 1Y correlation of 0.27, up from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Global Technology and Innovation Fund | 0.27 | 0.14 | 0.16 | 53 | Technology Equities | HFADX vs JAGTX | |
| Janus Henderson Global Technology and Innovation F... | 0.27 | 0.14 | 0.16 | 53 | Technology Equities | HFADX vs JNGTX | |
| Janus Henderson VIT Global Technology and Innovati... | 0.27 | 0.14 | 0.15 | 52 | Technology Equities | HFADX vs JGLTX | |
| Janus Henderson Global Technology and Innovation F... | 0.28 | 0.14 | 0.16 | 53 | Technology Equities | HFADX vs JATIX | |
| DFA Two Year Global Fixed Income Portfolio | 0.28 | 0.06 | 0.35 | 100 | Global Bonds | HFADX vs DFGFX |
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