Looking to diversify beyond HFLYX? The mutual funds below have the lowest correlation with HFLYX — 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 HFLYX.
Best Diversifiers for HFLYX
7 mutual funds have low correlation with HFLYX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.01, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.01 | -0.00 | 0.07 | 84 | Bank Loan | HFLYX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.18 | — | — | 98 | Bank Loan | HFLYX vs CAPIX | |
| Hartford International Value Fund | 0.21 | 0.19 | 0.27 | 61 | Foreign Large Cap Equities | HFLYX vs HILYX | |
| The Hartford Dividend and Growth Fund | 0.25 | 0.27 | 0.29 | 64 | Large Cap Value Equities | HFLYX vs HDGYX | |
| RiverPark Floating Rate CMBS Fund | 0.26 | 0.15 | 0.18 | 100 | Bank Loan | HFLYX vs RCRIX |
See all 18 diversifiers for HFLYX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements HFLYX
Add HFLYX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HFLYX