Looking to diversify beyond HIAHX? The mutual funds below have historically moved differently from HIAHX, 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 HIAHX
2 mutual funds have low correlation with HIAHX (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 0.13, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.13 | 0.28 | 0.38 | 71 | Emerging Markets Equities | HIAHX vs SEMNX | |
| Hartford Municipal Opportunities Fund | 0.16 | 0.16 | 0.15 | 63 | Municipal Bonds | HIAHX vs HHMIX | |
| Hartford International Value Fund | 0.34 | 0.44 | 0.50 | 89 | Foreign Large Cap Equities | HIAHX vs HILYX | |
| The Hartford Dividend and Growth Fund | 0.53 | 0.64 | 0.70 | 88 | Large Cap Value Equities | HIAHX vs HDGYX | |
| Fidelity Select Health Care Services Portfolio | 0.53 | 0.58 | 0.69 | 68 | Health & Biotech Equities | HIAHX vs FSHCX |
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