Looking to diversify beyond HFSAX? The mutual funds below have the lowest correlation with HFSAX — 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 HFSAX.
Best Diversifiers for HFSAX
2 mutual funds have low correlation with HFSAX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of 0.01, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | 0.01 | 0.17 | 0.13 | 75 | Tactical Allocation | HFSAX vs PBAIX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.01 | — | — | 100 | Nontraditional Bonds | HFSAX vs CBYYX | |
| Quantified Evolution Plus Fund | 0.43 | 0.50 | 0.38 | 80 | Tactical Allocation | HFSAX vs QEVOX | |
| Donoghue Forlines Dividend Fund | 0.43 | 0.54 | 0.57 | 71 | Tactical Allocation | HFSAX vs PWDIX | |
| Hussman Strategic Total Return Fund | 0.46 | 0.46 | 0.42 | 89 | Tactical Allocation | HFSAX vs HSTRX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HFSAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HFSAX and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of 0.38, roughly unchanged from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | 0.38 | 0.40 | 0.41 | 75 | Technology | |
| NVIDIA Corporation | 0.39 | 0.38 | 0.45 | 76 | Technology |
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