Looking to diversify beyond HFSAX? The mutual funds below have historically moved differently from HFSAX, 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 HFSAX
2 mutual funds have low correlation with HFSAX (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | -0.03 | — | — | 100 | Nontraditional Bonds | HFSAX vs CBYYX | |
| BlackRock Tactical Opportunities Fund Institutiona... | 0.04 | 0.19 | 0.13 | 85 | Tactical Allocation | HFSAX vs PBAIX | |
| Donoghue Forlines Dividend Fund | 0.34 | 0.49 | 0.55 | 91 | Tactical Allocation | HFSAX vs PWDIX | |
| PIMCO Income Fund Institutional Class | 0.36 | 0.41 | 0.41 | 52 | Multisector Bonds | HFSAX vs PIMIX | |
| Goldman Sachs TacticalTiltOverlayFund | 0.42 | 0.39 | 0.42 | 72 | Tactical Allocation | HFSAX vs TTIFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HFSAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.29, down from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.29 | 0.31 | 0.41 | 89 | Technology | |
| Broadcom Inc. | 0.40 | 0.40 | 0.42 | 67 | Technology | |
| NVIDIA Corporation | 0.44 | 0.38 | 0.45 | 56 | Technology |
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