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Hartford Inflation Plus Fund (HIPAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The investment seeks a total return that exceeds the rate of inflation over an economic cycle. The fund seeks its investment objective by investing at least 65% of its net assets in inflation-protected debt securities that the sub-adviser considers to be attractive from a real yield perspective consistent with total return. It normally invests in the following types of inflation-protected debt securities: inflation-protected debt securities issued by the U.S. Treasury, inflation-protected debt securities issued by U.S. government agencies and instrumentalities, and inflation-protected debt securities issued by other entities, such as foreign governments.

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

Best Diversifiers for HIPAX

2 mutual funds have low correlation with HIPAX (below 0.3), 0 of which are negatively correlated. The least correlated is Hartford Schroders Emerging Markets Equity Fund Class I (SEMNX) (Emerging Markets Equities) with a 1Y correlation of 0.23, roughly unchanged from 0.15 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SEMNX
Hartford Schroders Emerging Markets Equity Fund Cl...0.230.180.15
91
Emerging Markets EquitiesHIPAX vs SEMNX
HDGYX
The Hartford Dividend and Growth Fund0.290.240.20
66
Large Cap Value EquitiesHIPAX vs HDGYX
HILYX
Hartford International Value Fund0.360.320.25
64
Foreign Large Cap EquitiesHIPAX vs HILYX
IPBAX
Allspring Real Return Fund0.360.500.63
88
Inflation-Protected BondsHIPAX vs IPBAX
HHMIX
Hartford Municipal Opportunities Fund0.390.470.40
67
Municipal BondsHIPAX vs HHMIX
See all 15 diversifiers for HIPAX

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