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Looking to diversify beyond HGIFX? The mutual funds below have the lowest correlation with HGIFX — 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 HGIFX.

Best Diversifiers for HGIFX

2 mutual funds have low correlation with HGIFX (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 0.16, roughly unchanged from 0.10 over 5 years.


See all 34 diversifiers for HGIFX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from HGIFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HGIFX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.49, down from 0.67 over 5 years.


SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
Apple Inc0.490.550.67
89
Technology

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Diversification Analysis

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