Looking to diversify beyond HGIYX? The mutual funds below have historically moved differently from HGIYX, 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 HGIYX
7 mutual funds have low correlation with HGIYX (below 0.3), 0 of which are negatively correlated. The least correlated is Hartford Ultrashort Bond HLS Fund (HUBBX) (Ultrashort Bond) with a 1Y correlation of 0.11, roughly unchanged from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Ultrashort Bond HLS Fund | 0.11 | 0.06 | 0.04 | 99 | Ultrashort Bond | HGIYX vs HUBBX | |
| Hartford Municipal Opportunities Fund | 0.21 | 0.14 | 0.11 | 63 | Municipal Bonds | HGIYX vs HHMIX | |
| Hartford Sustainable Municipal Bond Fund | 0.23 | 0.16 | 0.12 | 69 | Municipal Bonds | HGIYX vs HMKIX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.25 | 0.17 | 0.14 | 64 | Intermediate Core Bond | HGIYX vs STWTX | |
| Hartford Real Asset Fund | 0.26 | 0.36 | 0.48 | 97 | Global Allocation | HGIYX vs HRLYX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HGIYX
Add HGIYX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HGIYX