Looking to diversify beyond HILDX? The mutual funds below have the lowest correlation with HILDX — 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 HILDX.
Best Diversifiers for HILDX
1 mutual funds have low correlation with HILDX (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 0.27, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.27 | 0.17 | 0.12 | 67 | Municipal Bonds | HILDX vs HHMIX | |
| The Hartford Strategic Income Fund | 0.50 | 0.40 | 0.35 | 56 | Multisector Bonds | HILDX vs HSNIX | |
| Federated Hermes International Strategic Value Div... | 0.61 | 0.63 | 0.73 | 72 | Foreign Large Cap Equities | HILDX vs IVFIX | |
| American Beacon Tocqueville International Value Fu... | 0.62 | 0.66 | 0.75 | 75 | Foreign Large Cap Equities | HILDX vs TIVFX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.63 | 0.67 | 0.71 | 68 | Emerging Markets Equities | HILDX vs SEMNX |
See all 16 diversifiers for HILDX
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