Looking to diversify beyond HGHYX? The mutual funds below have the lowest correlation with HGHYX — 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 HGHYX.
Best Diversifiers for HGHYX
3 mutual funds have low correlation with HGHYX (below 0.3), 0 of which are negatively correlated. The least correlated is Hartford Schroders Emerging Markets Equity Fund Class I (SEMNX) (Emerging Markets Equities) with a 1Y correlation of 0.16, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.16 | 0.29 | 0.39 | 81 | Emerging Markets Equities | HGHYX vs SEMNX | |
| Hartford Municipal Opportunities Fund | 0.18 | 0.17 | 0.16 | 70 | Municipal Bonds | HGHYX vs HHMIX | |
| Adams Diversified Equity Fund, Inc. | 0.21 | 0.43 | 0.58 | 84 | Large Cap Blend Equities | HGHYX vs ADX | |
| The Hartford Strategic Income Fund | 0.36 | 0.31 | 0.29 | 58 | Multisector Bonds | HGHYX vs HSNIX | |
| Hartford International Value Fund | 0.37 | 0.46 | 0.51 | 75 | Foreign Large Cap Equities | HGHYX vs HILYX |
See all 24 diversifiers for HGHYX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements HGHYX
Add HGHYX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HGHYX