Looking to diversify beyond HIASX? The mutual funds below have the lowest correlation with HIASX — 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 HIASX.
Best Diversifiers for HIASX
1 mutual funds have low correlation with HIASX (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 0.18, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.18 | 0.14 | 0.11 | 70 | Municipal Bonds | HIASX vs HHMIX | |
| The Hartford Strategic Income Fund | 0.47 | 0.37 | 0.31 | 61 | Multisector Bonds | HIASX vs HSNIX | |
| Hartford International Value Fund | 0.55 | 0.59 | 0.64 | 64 | Foreign Large Cap Equities | HIASX vs HILYX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.56 | 0.57 | 0.60 | 87 | Emerging Markets Equities | HIASX vs SEMNX | |
| The Hartford Dividend and Growth Fund | 0.74 | 0.76 | 0.77 | 73 | Large Cap Value Equities | HIASX vs HDGYX |
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