Looking to diversify beyond HFADX? The mutual funds below have historically moved differently from HFADX, 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 HFADX
0 mutual funds have low correlation with HFADX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two Year Global Fixed Income Portfolio (DFGFX) (Global Bonds) with a 1Y correlation of 0.32, roughly unchanged from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 0.32 | 0.06 | 0.35 | 100 | Global Bonds | HFADX vs DFGFX | |
| Eaton Vance Global Bond Fund | 0.47 | 0.67 | 0.59 | 96 | Global Bonds | HFADX vs EAIIX | |
| Destinations Global Fixed Income Opportunities Fun... | 0.49 | 0.51 | 0.46 | 98 | Global Bonds | HFADX vs DGFFX | |
| Payden Global Low Duration Fund | 0.60 | 0.58 | 0.66 | 88 | Global Bonds | HFADX vs PYGSX | |
| T. Rowe Price Global Multi-Sector Bond Fund | 0.60 | 0.74 | 0.77 | 72 | Global Bonds | HFADX vs PRSNX |
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