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 Municipal Opportunities Fund (HHMIX) (Municipal Bonds) with a 1Y correlation of 0.19, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.19 | 0.17 | 0.16 | 66 | Municipal Bonds | HGHYX vs HHMIX | |
| Adams Diversified Equity Fund, Inc. | 0.23 | 0.45 | 0.59 | 53 | Large Cap Blend Equities | HGHYX vs ADX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.23 | 0.31 | 0.40 | 84 | Emerging Markets Equities | HGHYX vs SEMNX | |
| The Hartford Strategic Income Fund | 0.38 | 0.32 | 0.29 | 53 | Multisector Bonds | HGHYX vs HSNIX | |
| Hartford International Value Fund | 0.43 | 0.46 | 0.52 | 59 | Foreign Large Cap Equities | HGHYX vs HILYX |
See all 19 diversifiers for HGHYX
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