Looking to diversify beyond HIACX? The mutual funds below have the lowest correlation with HIACX — 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 HIACX.
Best Diversifiers for HIACX
2 mutual funds have low correlation with HIACX (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 0.18, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.18 | 0.16 | 0.12 | 66 | Municipal Bonds | HIACX vs HHMIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.28 | 0.14 | 0.13 | 73 | Large Cap Blend Equities | HIACX vs SVPFX | |
| The Hartford Strategic Income Fund | 0.46 | 0.36 | 0.32 | 66 | Multisector Bonds | HIACX vs HSNIX | |
| North Square Preferred and Income Securities Fund | 0.47 | 0.35 | 0.42 | 72 | Large Cap Blend Equities | HIACX vs ORDNX | |
| First Eagle Overseas Fund Class I | 0.63 | 0.63 | 0.68 | 57 | Large Cap Blend Equities, Foreign Large Cap Equities | HIACX vs SGOIX |
See all 38 diversifiers for HIACX
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