Looking to diversify beyond HFEAX? The mutual funds below have the lowest correlation with HFEAX — 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 HFEAX.
Best Diversifiers for HFEAX
0 mutual funds have low correlation with HFEAX (below 0.3), 0 of which are negatively correlated. The least correlated is Janus Henderson VIT Global Technology and Innovation Portfolio (JGLTX) (Technology Equities) with a 1Y correlation of 0.58, roughly unchanged from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Henderson VIT Global Technology and Innovati... | 0.58 | 0.57 | 0.63 | 73 | Technology Equities | HFEAX vs JGLTX | |
| Janus Global Technology and Innovation Fund | 0.58 | 0.57 | 0.63 | 72 | Technology Equities | HFEAX vs JAGTX | |
| Janus Henderson Global Technology and Innovation F... | 0.58 | 0.57 | 0.63 | 72 | Technology Equities | HFEAX vs JATIX | |
| Janus Henderson Global Technology and Innovation F... | 0.58 | 0.57 | 0.63 | 72 | Technology Equities | HFEAX vs JNGTX | |
| DoubleLine Shiller Enhanced International CAPE | 0.64 | 0.72 | 0.78 | 58 | Europe Equities | HFEAX vs DSEUX |
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