Looking to diversify beyond HFEDX? The mutual funds below have the lowest correlation with HFEDX — 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 HFEDX.
Best Diversifiers for HFEDX
0 mutual funds have low correlation with HFEDX (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 | 0.56 | 0.63 | 73 | Technology Equities | HFEDX vs JGLTX | |
| Janus Global Technology and Innovation Fund | 0.58 | 0.57 | 0.63 | 72 | Technology Equities | HFEDX vs JAGTX | |
| Janus Henderson Global Technology and Innovation F... | 0.58 | 0.57 | 0.63 | 72 | Technology Equities | HFEDX vs JATIX | |
| Janus Henderson Global Technology and Innovation F... | 0.58 | 0.57 | 0.63 | 72 | Technology Equities | HFEDX vs JNGTX | |
| DoubleLine Shiller Enhanced International CAPE | 0.65 | 0.72 | 0.78 | 58 | Europe Equities | HFEDX vs DSEUX |
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