Looking to diversify beyond HIIDX? The mutual funds below have historically moved differently from HIIDX, 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 HIIDX
0 mutual funds have low correlation with HIIDX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.48, down from 0.68 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.48 | 0.56 | 0.68 | 88 | Foreign Large Cap Equities | HIIDX vs IVFIX | |
| Pear Tree Polaris Foreign Value Fund | 0.55 | 0.65 | 0.72 | 88 | Foreign Large Cap Equities | HIIDX vs QFVOX | |
| PIMCO RAE PLUS International Fund | 0.62 | 0.63 | 0.67 | 95 | Foreign Large Cap Equities | HIIDX vs PTSIX | |
| Harbor Mid Cap Value Fund | 0.63 | 0.67 | 0.72 | 96 | Mid Cap Value Equities | HIIDX vs HAMVX | |
| Harbor Small Cap Value Fund | 0.69 | 0.69 | 0.72 | 81 | Small Cap Blend Equities | HIIDX vs HASCX |
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