Looking to diversify beyond HLDIX? The mutual funds below have the lowest correlation with HLDIX — 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 HLDIX.
Best Diversifiers for HLDIX
0 mutual funds have low correlation with HLDIX (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 0.36, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.36 | 0.34 | 0.33 | 66 | Municipal Bonds | HLDIX vs HHMIX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.40 | 0.40 | 0.42 | 98 | Emerging Markets Bonds | HLDIX vs DBLLX | |
| The Hartford Dividend and Growth Fund | 0.48 | 0.39 | 0.42 | 62 | Large Cap Value Equities | HLDIX vs HDGYX | |
| American Beacon Frontier Markets Income Fund | 0.48 | 0.39 | 0.45 | 98 | Emerging Markets Bonds | HLDIX vs AGEPX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 0.49 | 0.45 | 0.49 | 96 | Emerging Markets Bonds | HLDIX vs SHCDX |
See all 21 diversifiers for HLDIX
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