Looking to diversify beyond HHDVX? The mutual funds below have historically moved differently from HHDVX, 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 HHDVX
1 mutual funds have low correlation with HHDVX (below 0.3), 0 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of 0.30, down from 0.67 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.30 | 0.54 | 0.67 | 93 | Large Cap Value Equities | HHDVX vs LEXCX | |
| AMG Yacktman Focused Fund | 0.31 | 0.58 | 0.72 | 89 | Large Cap Value Equities | HHDVX vs YAFFX | |
| Principal Spectrum Preferred and Capital Securitie... | 0.38 | 0.36 | 0.37 | 53 | Preferred Stock | HHDVX vs PPSIX | |
| GQG Partners US Quality Dividend Income Fund | 0.38 | 0.60 | 0.71 | 62 | Quality Factor, Large Cap Value Equities | HHDVX vs GQHPX | |
| AMG Yacktman Fund | 0.49 | 0.69 | 0.80 | 91 | Large Cap Value Equities | HHDVX vs YACKX |
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