Looking to diversify beyond HILYX? The mutual funds below have historically moved differently from HILYX, 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 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 0.17, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Ultrashort Bond HLS Fund | 0.17 | 0.10 | 0.09 | 99 | Ultrashort Bond | HILYX vs HUBBX | |
| Hartford Municipal Opportunities Fund | 0.25 | 0.17 | 0.12 | 55 | Municipal Bonds | HILYX vs HHMIX | |
| Hartford Sustainable Municipal Bond Fund | 0.26 | 0.19 | 0.14 | 62 | Municipal Bonds | HILYX vs HMKIX | |
| Hartford Municipal Short Duration Fund | 0.30 | 0.18 | 0.14 | 52 | Municipal Bonds | HILYX vs HMJIX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.33 | 0.23 | 0.17 | 56 | Intermediate Core Bond | HILYX vs STWTX |
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