Looking to diversify beyond HIADX? The mutual funds below have the lowest correlation with HIADX — 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 HIADX.
Best Diversifiers for HIADX
2 mutual funds have low correlation with HIADX (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 0.22, up from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.22 | 0.16 | 0.10 | 66 | Municipal Bonds | HIADX vs HHMIX | |
| Voya Corporate Leaders Trust Fund | 0.28 | 0.56 | 0.68 | 53 | Large Cap Value Equities | HIADX vs LEXCX | |
| The Hartford Strategic Income Fund | 0.43 | 0.34 | 0.30 | 66 | Multisector Bonds | HIADX vs HSNIX | |
| Fidelity Advisor Large Cap Fund Class M | 0.45 | 0.73 | 0.84 | 61 | Large Cap Value Equities | HIADX vs FALGX | |
| Federated Hermes Strategic Value Dividend Fund | 0.47 | 0.60 | 0.71 | 70 | Large Cap Value Equities | HIADX vs SVAIX |
See all 34 diversifiers for HIADX
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Diversification Analysis
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