Looking to diversify beyond HHMIX? The mutual funds below have the lowest correlation with HHMIX — 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 HHMIX.
Best Diversifiers for HHMIX
29 mutual funds have low correlation with HHMIX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.01, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.01 | 0.20 | 0.22 | 96 | Municipal Bonds | HHMIX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.00 | 0.20 | 0.23 | 95 | Municipal Bonds | HHMIX vs DMREX | |
| Hartford Real Asset Fund | 0.12 | 0.15 | 0.12 | 97 | Global Allocation | HHMIX vs HRLYX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.13 | 0.09 | 0.10 | 93 | Emerging Markets Equities | HHMIX vs SEMNX | |
| Hartford Schroders Emerging Mkts Eq A | 0.15 | 0.10 | 0.10 | 93 | Emerging Markets Diversified | HHMIX vs SEMVX |
See all 47 diversifiers for HHMIX
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Diversification Analysis
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