Looking to diversify beyond HIAGX? The mutual funds below have the lowest correlation with HIAGX — 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 HIAGX.
Best Diversifiers for HIAGX
2 mutual funds have low correlation with HIAGX (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 0.16, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.16 | 0.14 | 0.10 | 66 | Municipal Bonds | HIAGX vs HHMIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.27 | 0.12 | 0.11 | 73 | Large Cap Blend Equities | HIAGX vs SVPFX | |
| The Hartford Strategic Income Fund | 0.42 | 0.31 | 0.29 | 66 | Multisector Bonds | HIAGX vs HSNIX | |
| North Square Preferred and Income Securities Fund | 0.48 | 0.33 | 0.41 | 72 | Large Cap Blend Equities | HIAGX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.61 | 0.70 | 0.80 | 56 | Large Cap Blend Equities | HIAGX vs RCKSX |
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