Looking to diversify beyond HFEDX? The mutual funds below have historically moved differently from HFEDX, 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 HFEDX
0 mutual funds have low correlation with HFEDX (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 0.34 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 | 0.36 | 0.34 | 55 | Europe Equities | HFEDX vs CEE | |
| DoubleLine Shiller Enhanced International CAPE | 0.60 | 0.69 | 0.76 | 93 | Europe Equities | HFEDX vs DSEUX | |
| ProFunds Europe 30 Fund | 0.76 | 0.75 | 0.79 | 91 | Europe Equities | HFEDX vs UEPIX | |
| Franklin Mutual European Fund | 0.83 | 0.81 | 0.83 | 64 | Europe Equities | HFEDX vs MEURX | |
| Invesco EQV European Equity Fund | 0.87 | 0.88 | 0.91 | 85 | Europe Equities | HFEDX vs AEDAX |
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