Looking to diversify beyond HIAOX? The mutual funds below have the lowest correlation with HIAOX — 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 HIAOX.
Best Diversifiers for HIAOX
1 mutual funds have low correlation with HIAOX (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 0.23, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.24 | 0.17 | 0.14 | 67 | Municipal Bonds | HIAOX vs HHMIX | |
| The Hartford Strategic Income Fund | 0.50 | 0.40 | 0.37 | 61 | Multisector Bonds | HIAOX vs HSNIX | |
| PIMCO RAE PLUS International Fund | 0.56 | 0.59 | 0.62 | 75 | Foreign Large Cap Equities | HIAOX vs PTSIX | |
| Kopernik International Fund | 0.60 | 0.52 | 0.63 | 54 | Foreign Large Cap Equities | HIAOX vs KGIIX | |
| SA International Value Fund | 0.61 | 0.63 | 0.71 | 88 | Foreign Large Cap Equities | HIAOX vs SAHMX |
See all 26 diversifiers for HIAOX
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