Looking to diversify beyond HILAX? The mutual funds below have the lowest correlation with HILAX — 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 HILAX.
Best Diversifiers for HILAX
1 mutual funds have low correlation with HILAX (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 0.26, up from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.26 | 0.17 | 0.11 | 62 | Municipal Bonds | HILAX vs HHMIX | |
| Gateway Fund Class Y Shares | 0.45 | 0.48 | 0.59 | 68 | Options Trading | HILAX vs GTEYX | |
| PIMCO Low Duration Income Fund | 0.45 | 0.38 | 0.45 | 86 | Short-Term Bond | HILAX vs PFIIX | |
| The Hartford Strategic Income Fund | 0.45 | 0.39 | 0.35 | 62 | Multisector Bonds | HILAX vs HSNIX | |
| Kopernik International Fund | 0.63 | 0.58 | 0.67 | 82 | Foreign Large Cap Equities | HILAX vs KGIIX |
See all 28 diversifiers for HILAX
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