Looking to diversify beyond HIMCX? The mutual funds below have historically moved differently from HIMCX, 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 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 0.23, up from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.23 | 0.14 | 0.12 | 63 | Municipal Bonds | HIMCX vs HHMIX | |
| The Hartford Equity Income Fund | 0.44 | 0.60 | 0.69 | 77 | Dividend, Large Cap Value Equities | HIMCX vs HQIYX | |
| The Hartford Balanced Income Fund | 0.51 | 0.59 | 0.68 | 53 | Diversified Portfolio | HIMCX vs HBLYX | |
| Hartford International Value Fund | 0.58 | 0.57 | 0.64 | 89 | Foreign Large Cap Equities | HIMCX vs HILYX | |
| The Hartford Dividend and Growth Fund | 0.66 | 0.72 | 0.79 | 88 | Large Cap Value Equities | HIMCX vs HDGYX |
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