Looking to diversify beyond HGOIX? The mutual funds below have the lowest correlation with HGOIX — 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 HGOIX.
Best Diversifiers for HGOIX
7 mutual funds have low correlation with HGOIX (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 0.08, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Ultrashort Bond HLS Fund | 0.08 | 0.04 | 0.05 | 99 | Ultrashort Bond | HGOIX vs HUBBX | |
| Hartford Real Asset Fund | 0.14 | 0.25 | 0.38 | 88 | Global Allocation | HGOIX vs HRLYX | |
| Hartford Municipal Opportunities Fund | 0.16 | 0.10 | 0.10 | 67 | Municipal Bonds | HGOIX vs HHMIX | |
| Hartford Municipal Short Duration Fund | 0.18 | 0.10 | 0.09 | 74 | Municipal Bonds | HGOIX vs HMJIX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.18 | 0.13 | 0.13 | 53 | Intermediate Core Bond | HGOIX vs STWTX |
See all 58 diversifiers for HGOIX
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