Looking to diversify beyond HFQTX? The mutual funds below have the lowest correlation with HFQTX — 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 HFQTX.
Best Diversifiers for HFQTX
1 mutual funds have low correlation with HFQTX (below 0.3), 0 of which are negatively correlated. The least correlated is NXG Cushing® Midstream Energy Fund (SRV) (Global Equity Income) with a 1Y correlation of 0.08, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| NXG Cushing® Midstream Energy Fund | 0.08 | 0.22 | 0.35 | 53 | Global Equity Income, Oil & Gas | HFQTX vs SRV | |
| Janus Henderson VIT Global Technology and Innovati... | 0.41 | 0.46 | 0.54 | 80 | Technology Equities | HFQTX vs JGLTX | |
| Janus Henderson Global Technology and Innovation F... | 0.41 | 0.46 | 0.54 | 79 | Technology Equities | HFQTX vs JATIX | |
| Janus Henderson Global Technology and Innovation F... | 0.41 | 0.46 | 0.54 | 79 | Technology Equities | HFQTX vs JNGTX | |
| Janus Global Technology and Innovation Fund | 0.41 | 0.46 | 0.54 | 79 | Technology Equities | HFQTX vs JAGTX |
See all 6 diversifiers for HFQTX
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