Looking to diversify beyond HICSX? The mutual funds below have historically moved differently from HICSX, 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 HICSX
1 mutual funds have low correlation with HICSX (below 0.3), 0 of which are negatively correlated. The least correlated is Lazard Enhanced Opportunities Portfolio Open Shares (LEOOX) (Convertible Bonds) with a 1Y correlation of 0.27, roughly unchanged from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lazard Enhanced Opportunities Portfolio Open Share... | 0.27 | 0.11 | 0.19 | 75 | Convertible Bonds | HICSX vs LEOOX | |
| Harbor International Small Cap Fund | 0.47 | 0.52 | 0.59 | 57 | Foreign Small & Mid Cap Equities | HICSX vs HIISX | |
| Harbor Mid Cap Value Fund | 0.51 | 0.64 | 0.69 | 96 | Mid Cap Value Equities | HICSX vs HAMVX | |
| Harbor International Fund | 0.59 | 0.61 | 0.66 | 51 | Foreign Large Cap Equities | HICSX vs HAINX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 0.60 | 0.43 | 0.50 | 100 | Multistrategy, Convertible Bonds | HICSX vs ARBIX |
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