Looking to diversify beyond HGIYX? The mutual funds below have the lowest correlation with HGIYX — 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 HGIYX.
Best Diversifiers for HGIYX
8 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 0.09, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Ultrashort Bond HLS Fund | 0.09 | 0.05 | 0.04 | 99 | Ultrashort Bond | HGIYX vs HUBBX | |
| Hartford Municipal Opportunities Fund | 0.19 | 0.14 | 0.10 | 67 | Municipal Bonds | HGIYX vs HHMIX | |
| Hartford Sustainable Municipal Bond Fund | 0.22 | 0.16 | 0.11 | 70 | Municipal Bonds | HGIYX vs HMKIX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.24 | 0.17 | 0.14 | 53 | Intermediate Core Bond | HGIYX vs STWTX | |
| Hartford Municipal Short Duration Fund | 0.24 | 0.15 | 0.10 | 74 | Municipal Bonds | HGIYX vs HMJIX |
See all 69 diversifiers for HGIYX
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