Looking to diversify beyond HILYX? The mutual funds below have the lowest correlation with HILYX — 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 HILYX.
Best Diversifiers for HILYX
4 mutual funds have low correlation with HILYX (below 0.3), 0 of which are negatively correlated. The least correlated is Hartford Ultrashort Bond HLS Fund (HUBBX) (Ultrashort Bond) with a 1Y correlation of 0.13, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Ultrashort Bond HLS Fund | 0.13 | 0.10 | 0.08 | 99 | Ultrashort Bond | HILYX vs HUBBX | |
| Hartford Floating Rate Fund | 0.21 | 0.19 | 0.27 | 53 | Bank Loan | HILYX vs HFLYX | |
| Hartford Municipal Opportunities Fund | 0.27 | 0.17 | 0.11 | 67 | Municipal Bonds | HILYX vs HHMIX | |
| Hartford Sustainable Municipal Bond Fund | 0.28 | 0.19 | 0.12 | 70 | Municipal Bonds | HILYX vs HMKIX | |
| Hartford Municipal Short Duration Fund | 0.30 | 0.19 | 0.13 | 74 | Municipal Bonds | HILYX vs HMJIX |
See all 53 diversifiers for HILYX
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