Looking to diversify beyond HGOYX? The mutual funds below have the lowest correlation with HGOYX — 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 HGOYX.
Best Diversifiers for HGOYX
7 mutual funds have low correlation with HGOYX (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 | HGOYX vs HUBBX | |
| Hartford Real Asset Fund | 0.14 | 0.25 | 0.38 | 88 | Global Allocation | HGOYX vs HRLYX | |
| Hartford Municipal Opportunities Fund | 0.16 | 0.10 | 0.10 | 67 | Municipal Bonds | HGOYX vs HHMIX | |
| Hartford Municipal Short Duration Fund | 0.18 | 0.10 | 0.09 | 74 | Municipal Bonds | HGOYX vs HMJIX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.18 | 0.13 | 0.13 | 53 | Intermediate Core Bond | HGOYX vs STWTX |
See all 57 diversifiers for HGOYX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements HGOYX
Add HGOYX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HGOYX