Looking to diversify beyond HIAGX? The mutual funds below have historically moved differently from HIAGX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for HIAGX
1 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 0.21, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.21 | 0.14 | 0.11 | 63 | Municipal Bonds | HIAGX vs HHMIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.34 | 0.15 | 0.13 | 97 | Large Cap Blend Equities | HIAGX vs SVPFX | |
| The Hartford Equity Income Fund | 0.47 | 0.59 | 0.72 | 77 | Dividend, Large Cap Value Equities | HIAGX vs HQIYX | |
| North Square Preferred and Income Securities Fund | 0.53 | 0.35 | 0.40 | 59 | Preferred Stock | HIAGX vs ORDNX | |
| The Hartford Balanced Income Fund | 0.53 | 0.58 | 0.68 | 53 | Diversified Portfolio | HIAGX vs HBLYX |
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