Looking to diversify beyond HIABX? The mutual funds below have the lowest correlation with HIABX — 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 HIABX.
Best Diversifiers for HIABX
1 mutual funds have low correlation with HIABX (below 0.3), 0 of which are negatively correlated. The least correlated is Hartford Schroders Emerging Markets Equity Fund Class I (SEMNX) (Emerging Markets Equities) with a 1Y correlation of 0.20, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.20 | 0.16 | 0.13 | 93 | Emerging Markets Equities | HIABX vs SEMNX | |
| Hartford Core Equity Fund | 0.31 | 0.21 | 0.16 | 51 | Large Cap Blend Equities | HIABX vs HGIYX | |
| Vanguard 500 Index Fund Investor Shares | 0.31 | 0.22 | 0.17 | 73 | Large Cap Blend Equities | HIABX vs VFINX | |
| Holbrook Income Fund Class I | 0.33 | 0.34 | 0.38 | 98 | Intermediate Core-Plus Bond | HIABX vs HOBIX | |
| The Hartford Dividend and Growth Fund | 0.33 | 0.25 | 0.18 | 62 | Large Cap Value Equities | HIABX vs HDGYX |
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