Looking to diversify beyond HFQTX? The mutual funds below have historically moved differently from HFQTX, 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 HFQTX
0 mutual funds have low correlation with HFQTX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) (Dividend) with a 1Y correlation of 0.62, roughly unchanged from 0.65 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Tax-Managed Global Diversified Equity ... | 0.62 | 0.61 | 0.65 | 61 | Dividend, Global Equity Income | HFQTX vs EXG | |
| Janus Henderson Triton Fund | 0.63 | 0.62 | 0.67 | 55 | Small Cap Growth Equities | HFQTX vs JANIX | |
| Fidelity Global ex U.S. Index Fund | 0.81 | 0.85 | 0.88 | 74 | Foreign Large Cap Equities | HFQTX vs FSGGX | |
| Fidelity ZERO International Index Fund | 0.82 | 0.85 | 0.87 | 76 | Foreign Large Cap Equities | HFQTX vs FZILX | |
| American Beacon International Equity Fund | 0.84 | 0.85 | 0.88 | 62 | Foreign Large Cap Equities | HFQTX vs AAIEX |
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