Looking to diversify beyond HFSIX? The mutual funds below have the lowest correlation with HFSIX — 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 HFSIX.
Best Diversifiers for HFSIX
0 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 0.30, up from 0.19 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.30 | 0.19 | — | 67 | Municipal Bonds | HFSIX vs HHMIX | |
| The Hartford Strategic Income Fund | 0.50 | 0.41 | — | 61 | Multisector Bonds | HFSIX vs HSNIX | |
| American Beacon Tocqueville International Value Fu... | 0.57 | 0.59 | — | 93 | Foreign Large Cap Equities | HFSIX vs TIVFX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.58 | 0.63 | — | 91 | Emerging Markets Equities | HFSIX vs SEMNX | |
| Thornburg Global Opportunities Fund | 0.60 | 0.69 | 0.74 | 91 | Foreign Large Cap Equities | HFSIX vs THOIX |
See all 20 diversifiers for HFSIX
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