Looking to diversify beyond HFCGX? The mutual funds below have the lowest correlation with HFCGX — 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 HFCGX.
Best Diversifiers for HFCGX
1 mutual funds have low correlation with HFCGX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Core Fund (QISCX) (Small Cap Blend Equities) with a 1Y correlation of 0.23, down from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Core Fund | 0.23 | 0.57 | 0.68 | 61 | Small Cap Blend Equities | HFCGX vs QISCX | |
| Hennessy Balanced Fund | 0.38 | 0.50 | 0.56 | 78 | Diversified Portfolio | HFCGX vs HBFBX | |
| Hennessy Japan Fund | 0.41 | 0.52 | 0.50 | 55 | Japan Equities, Asia Pacific Equities | HFCGX vs HJPNX | |
| Hennessy Cornerstone Value Fund | 0.50 | 0.56 | 0.66 | 87 | Large Cap Value Equities | HFCGX vs HFCVX | |
| Fidelity Focused Stock Fund | 0.54 | 0.67 | 0.68 | 69 | Large Cap Growth Equities | HFCGX vs FTQGX |
See all 113 diversifiers for HFCGX
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