Looking to diversify beyond HIBIX? The mutual funds below have the lowest correlation with HIBIX — 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 HIBIX.
Best Diversifiers for HIBIX
5 mutual funds have low correlation with HIBIX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.16, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.16 | 0.20 | 0.27 | 75 | Short-Term Bond | HIBIX vs LCCMX | |
| The Merger Fund | 0.21 | 0.09 | 0.08 | 97 | Event Driven | HIBIX vs MERFX | |
| DFA Short-Duration Real Return Portfolio | 0.24 | 0.27 | 0.38 | 99 | Short-Term Bond | HIBIX vs DFAIX | |
| GuidepathConservative Income Fund | 0.26 | 0.36 | 0.43 | 99 | Short-Term Bond | HIBIX vs GPICX | |
| GuidePath Absolute Return Allocation Fund | 0.27 | 0.60 | 0.64 | 74 | Short-Term Bond | HIBIX vs GPARX |
See all 15 diversifiers for HIBIX
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