Looking to diversify beyond HGOYX? The mutual funds below have historically moved differently from HGOYX, 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 HGOYX
14 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 0.07, 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 | HGOYX vs HUBBX | |
| Hartford Real Asset Fund | 0.14 | 0.24 | 0.37 | 97 | Global Allocation | HGOYX vs HRLYX | |
| Hartford Healthcare HLS Fund | 0.16 | 0.37 | 0.53 | 74 | Health & Biotech Equities | HGOYX vs HIAHX | |
| The Hartford Healthcare Fund | 0.16 | 0.37 | 0.53 | 75 | Health & Biotech Equities | HGOYX vs HGHYX | |
| Hartford Sustainable Municipal Bond Fund | 0.19 | 0.12 | 0.12 | 69 | Municipal Bonds | HGOYX vs HMKIX |
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