Looking to diversify beyond HIAHX? The mutual funds below have the lowest correlation with HIAHX — 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 HIAHX.
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 Municipal Opportunities Fund (HHMIX) (Municipal Bonds) with a 1Y correlation of 0.17, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.17 | 0.17 | 0.16 | 71 | Municipal Bonds | HIAHX vs HHMIX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.19 | 0.30 | 0.40 | 82 | Emerging Markets Equities | HIAHX vs SEMNX | |
| The Hartford Strategic Income Fund | 0.38 | 0.32 | 0.29 | 56 | Multisector Bonds | HIAHX vs HSNIX | |
| Hartford International Value Fund | 0.41 | 0.46 | 0.51 | 63 | Foreign Large Cap Equities | HIAHX vs HILYX | |
| The Hartford Dividend and Growth Fund | 0.54 | 0.64 | 0.70 | 77 | Large Cap Value Equities | HIAHX vs HDGYX |
See all 26 diversifiers for HIAHX
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