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 0.27, up from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.27 | 0.20 | 0.17 | 68 | Municipal Bonds | HGXIX vs HHMIX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.35 | 0.50 | 0.61 | 75 | Global Equities | HGXIX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.43 | 0.57 | 0.68 | 69 | Global Equities | HGXIX vs FGIAX | |
| The Hartford Strategic Income Fund | 0.54 | 0.44 | 0.40 | 56 | Multisector Bonds | HGXIX vs HSNIX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.59 | 0.71 | 0.77 | 86 | Global Equities | HGXIX vs RTXAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HGXIX
Add HGXIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HGXIX