Looking to diversify beyond HHDVX? The mutual funds below have the lowest correlation with HHDVX — 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 HHDVX.
Best Diversifiers for HHDVX
0 mutual funds have low correlation with HHDVX (below 0.3), 0 of which are negatively correlated. The least correlated is Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) (Preferred Stock/Convertible Bonds) with a 1Y correlation of 0.41, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Spectrum Preferred and Capital Securitie... | 0.41 | 0.37 | 0.37 | 62 | Preferred Stock/Convertible Bonds | HHDVX vs PPSIX | |
| Rational Equity Armor Fund | 0.48 | 0.58 | 0.70 | 55 | Large Cap Value Equities | HHDVX vs HDCTX | |
| Federated Hermes Strategic Value Dividend Fund | 0.58 | 0.59 | 0.71 | 78 | Large Cap Value Equities | HHDVX vs SVAIX | |
| American Funds International Growth and Income Fun... | 0.59 | 0.61 | 0.68 | 58 | Foreign Large Cap Equities | HHDVX vs CGIAX | |
| Towpath Focus Fund | 0.62 | 0.73 | 0.82 | 85 | Large Cap Value Equities | HHDVX vs TOWFX |
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