Looking to diversify beyond HGHYX? The mutual funds below have historically moved differently from HGHYX, 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 HGHYX
2 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 0.13, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.13 | 0.29 | 0.38 | 74 | Emerging Markets Equities | HGHYX vs SEMNX | |
| Adams Diversified Equity Fund, Inc. | 0.18 | 0.42 | 0.57 | 86 | Large Cap Blend Equities | HGHYX vs ADX | |
| Hartford Core Equity Fund | 0.32 | 0.52 | 0.64 | 51 | Large Cap Blend Equities | HGHYX vs HGIYX | |
| Hartford International Value Fund | 0.36 | 0.45 | 0.50 | 88 | Foreign Large Cap Equities | HGHYX vs HILYX | |
| The Hartford Dividend and Growth Fund | 0.53 | 0.65 | 0.70 | 93 | Large Cap Value Equities | HGHYX vs HDGYX |
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