Looking to diversify beyond HGOIX? The mutual funds below have historically moved differently from HGOIX, 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 HGOIX
14 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 0.07, roughly unchanged from 0.05 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 | 0.07 | 0.03 | 0.05 | 99 | Ultrashort Bond | HGOIX vs HUBBX | |
| Hartford Real Asset Fund | 0.14 | 0.24 | 0.37 | 97 | Global Allocation | HGOIX vs HRLYX | |
| Hartford Healthcare HLS Fund | 0.16 | 0.37 | 0.53 | 74 | Health & Biotech Equities | HGOIX vs HIAHX | |
| The Hartford Healthcare Fund | 0.16 | 0.37 | 0.53 | 75 | Health & Biotech Equities | HGOIX vs HGHYX | |
| Hartford Municipal Opportunities Fund | 0.18 | 0.10 | 0.10 | 63 | Municipal Bonds | HGOIX vs HHMIX |
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