Looking to diversify beyond HFAJX? The mutual funds below have the lowest correlation with HFAJX — 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 HFAJX.
Best Diversifiers for HFAJX
1 mutual funds have low correlation with HFAJX (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 0.29, up from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.29 | 0.15 | 0.15 | 67 | Municipal Bonds | HFAJX vs HHMIX | |
| The Hartford Strategic Income Fund | 0.52 | — | — | 61 | Multisector Bonds | HFAJX vs HSNIX | |
| American Beacon Tocqueville International Value Fu... | 0.57 | — | — | 93 | Foreign Large Cap Equities | HFAJX vs TIVFX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.57 | — | — | 91 | Emerging Markets Equities | HFAJX vs SEMNX | |
| Thornburg Global Opportunities Fund | 0.60 | 0.66 | 0.66 | 91 | Foreign Large Cap Equities | HFAJX vs THOIX |
See all 18 diversifiers for HFAJX
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