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
2 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) (Energy Equities) with a 1Y correlation of 0.06, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| NXG Cushing® Midstream Energy Fund | 0.06 | 0.21 | 0.34 | 75 | Energy Equities | HFQTX vs SRV | |
| NXG NextGen Infrastructure Income Fund | 0.19 | 0.27 | — | 76 | Global Equity Income | HFQTX vs NXG | |
| Fidelity ZERO International Index Fund | 0.82 | 0.85 | 0.88 | 63 | Foreign Large Cap Equities | HFQTX vs FZILX | |
| Janus Henderson International Dividend Fund Class ... | 0.87 | 0.88 | 0.91 | 55 | Global Equity Income | HFQTX vs HDDVX | |
| Janus Henderson International Dividend Fund Class ... | 0.87 | 0.88 | 0.91 | 53 | Global Equity Income | HFQTX vs HDQVX |
Diversification Analysis
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