Looking to diversify beyond HFLYX? The mutual funds below have historically moved differently from HFLYX, 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 HFLYX
8 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.01 | -0.01 | 0.07 | 93 | Bank Loan | HFLYX vs XPTFX | |
| The Hartford Equity Income Fund | 0.14 | 0.21 | 0.25 | 77 | Dividend, Large Cap Value Equities | HFLYX vs HQIYX | |
| The Hartford Balanced Income Fund | 0.14 | 0.20 | 0.27 | 53 | Diversified Portfolio | HFLYX vs HBLYX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.18 | — | — | 99 | Bank Loan | HFLYX vs CAPIX | |
| Hartford International Value Fund | 0.19 | 0.18 | 0.27 | 89 | Foreign Large Cap Equities | HFLYX vs HILYX |
To view more results, upgrade your current subscription plan.
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