Looking to diversify beyond HFSIX? The mutual funds below have historically moved differently from HFSIX, 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 HFSIX
1 mutual funds have low correlation with HFSIX (below 0.3), 0 of which are negatively correlated. The least correlated is Hartford Municipal Opportunities Fund (HHMIX) (Municipal Bonds) with a 1Y correlation of 0.28, up from 0.18 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.28 | 0.18 | — | 63 | Municipal Bonds | HFSIX vs HHMIX | |
| American Beacon Tocqueville International Value Fu... | 0.48 | 0.55 | — | 52 | Foreign Large Cap Equities | HFSIX vs TIVFX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.49 | 0.59 | — | 71 | Emerging Markets Equities | HFSIX vs SEMNX | |
| Thornburg Global Opportunities Fund | 0.56 | 0.68 | — | 89 | Foreign Large Cap Equities | HFSIX vs THOIX | |
| Kopernik International Fund | 0.59 | 0.54 | — | 66 | Foreign Large Cap Equities | HFSIX vs KGIIX |
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