Looking to diversify beyond HFRO? The mutual funds below have historically moved differently from HFRO, 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 HFRO
39 mutual funds have low correlation with HFRO (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.06, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.06 | 0.04 | 0.05 | 83 | Diversified Portfolio | HFRO vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.06 | 0.16 | 66 | Diversified Portfolio | HFRO vs MHELX | |
| NexPoint Merger Arbitrage Fund | 0.05 | 0.12 | 0.14 | 99 | Event Driven | HFRO vs HMEZX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.10 | 0.22 | 0.23 | 91 | Diversified Portfolio | HFRO vs FSRKX | |
| Concorde Wealth Management Fund | 0.10 | 0.24 | 0.27 | 83 | Diversified Portfolio | HFRO vs CONWX |
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