Looking to diversify beyond HIMCX? The mutual funds below have the lowest correlation with HIMCX — 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 HIMCX.
Best Diversifiers for HIMCX
1 mutual funds have low correlation with HIMCX (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 0.19, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.19 | 0.14 | 0.12 | 67 | Municipal Bonds | HIMCX vs HHMIX | |
| The Hartford Strategic Income Fund | 0.51 | 0.38 | 0.33 | 61 | Multisector Bonds | HIMCX vs HSNIX | |
| Hartford International Value Fund | 0.59 | 0.59 | 0.65 | 61 | Foreign Large Cap Equities | HIMCX vs HILYX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.63 | 0.60 | 0.62 | 91 | Emerging Markets Equities | HIMCX vs SEMNX | |
| Essex Environmental Opportunities Fund | 0.70 | 0.77 | 0.82 | 63 | Mid Cap Growth Equities | HIMCX vs EEOFX |
See all 14 diversifiers for HIMCX
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