Looking to diversify beyond HFCVX? The mutual funds below have the lowest correlation with HFCVX — 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 HFCVX.
Best Diversifiers for HFCVX
5 mutual funds have low correlation with HFCVX (below 0.3), 0 of which are negatively correlated. The least correlated is Hennessy Japan Fund (HJPNX) (Japan Equities) with a 1Y correlation of 0.25, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hennessy Japan Fund | 0.25 | 0.35 | 0.42 | 51 | Japan Equities, Asia Pacific Equities | HFCVX vs HJPNX | |
| Federated Hermes Equity Income Fund | 0.26 | 0.51 | 0.70 | 71 | Large Cap Value Equities | HFCVX vs LEIFX | |
| Fidelity Dividend Growth Fund Class K | 0.28 | 0.46 | 0.63 | 72 | Large Cap Value Equities | HFCVX vs FDGKX | |
| Fidelity Dividend Growth Fund | 0.28 | 0.46 | 0.63 | 81 | Large Cap Blend Equities, Dividend | HFCVX vs FDGFX | |
| AMG Yacktman Focused Fund | 0.29 | 0.58 | 0.71 | 86 | Large Cap Value Equities | HFCVX vs YAFFX |
See all 224 diversifiers for HFCVX
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