Looking to diversify beyond HGXIX? The mutual funds below have the lowest correlation with HGXIX — 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 HGXIX.
Best Diversifiers for HGXIX
1 mutual funds have low correlation with HGXIX (below 0.3), 0 of which are negatively correlated. The least correlated is Hartford Municipal Opportunities Fund (HHMIX) (Municipal Bonds) with a 1Y correlation of 0.25, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.25 | 0.19 | 0.16 | 67 | Municipal Bonds | HGXIX vs HHMIX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.41 | 0.52 | 0.62 | 51 | Global Equities | HGXIX vs CSUAX | |
| The Hartford Strategic Income Fund | 0.52 | 0.44 | 0.39 | 61 | Multisector Bonds | HGXIX vs HSNIX | |
| T. Rowe Price Global Technology Fund I Class | 0.60 | 0.64 | 0.72 | 87 | Technology Equities, Global Equities | HGXIX vs PGTIX | |
| Polaris Global Value Fund | 0.60 | 0.72 | 0.77 | 92 | Global Equities | HGXIX vs PGVFX |
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