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Fintrust Income and Opportunity Fund (HIOIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The investment seeks total return comprised of income and capital appreciation. The fund's investment objective is total return. To meet its investment objective, it will invest primarily in domestic equity securities that in the opinion of the manager have above average intellectual property portfolios and other characteristics, like strong earnings and dividend growth that are members of the S&P 1500 Composite, relative to their sector competitors. The fund may also invest in companies that are experiencing a "special situation" that makes them undervalued relative to their long-term potential. It is non-diversified.

Looking to diversify beyond HIOIX? The mutual funds below have the lowest correlation with HIOIX — 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 HIOIX.

Best Diversifiers for HIOIX

5 mutual funds have low correlation with HIOIX (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Institutional Shares (VMNIX) (Long-Short) with a 1Y correlation of -0.14, down from -0.03 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
VMNIX
Vanguard Market Neutral Fund Institutional Shares-0.14-0.08-0.03
64
Long-ShortHIOIX vs VMNIX
VMNFX
Vanguard Market Neutral Fund Investor Shares-0.12-0.08-0.02
63
Long-ShortHIOIX vs VMNFX
KCEIX
Knights of Columbus Long/Short Equity Fund0.030.220.21
63
Long-ShortHIOIX vs KCEIX
BDMIX
BlackRock Global Long/Short Equity Fund Class I0.210.110.05
91
Long-ShortHIOIX vs BDMIX
SAOAX
Guggenheim Alpha Opportunity Fund0.230.200.24
53
Long-ShortHIOIX vs SAOAX
See all 16 diversifiers for HIOIX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from HIOIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HIOIX and solid risk/return profiles. The least correlated is Cohen & Steers Quality Income Realty Fund (RQI) (Financial Services) with a 1Y correlation of 0.32, down from 0.45 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
RQI
Cohen & Steers Quality Income Realty Fund0.320.360.45
67
Financial Services

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Diversification Analysis

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