Looking to diversify beyond HFEAX? The mutual funds below have historically moved differently from HFEAX, 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 HFEAX
0 mutual funds have low correlation with HFEAX (below 0.3), 0 of which are negatively correlated. The least correlated is The Central and Eastern Europe Fund (CEE) (Europe Equities) with a 1Y correlation of 0.41, roughly unchanged from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Central and Eastern Europe Fund | 0.41 | 0.35 | 0.33 | 55 | Europe Equities | HFEAX vs CEE | |
| DoubleLine Shiller Enhanced International CAPE | 0.59 | 0.68 | 0.76 | 93 | Europe Equities | HFEAX vs DSEUX | |
| Fidelity 500 Index Fund | 0.73 | 0.66 | 0.70 | 64 | S&P 500 | HFEAX vs FXAIX | |
| ProFunds Europe 30 Fund | 0.76 | 0.75 | 0.79 | 91 | Europe Equities | HFEAX vs UEPIX | |
| Franklin Mutual European Fund | 0.83 | 0.81 | 0.83 | 64 | Europe Equities | HFEAX vs MEURX |
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