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
1 mutual funds have low correlation with HLDIX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Stone Harbor Emerging Markets Income Fund (EDF) (Emerging Markets Bonds) with a 1Y correlation of 0.24, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 0.24 | 0.24 | 0.29 | 56 | Emerging Markets Bonds | HLDIX vs EDF | |
| Hartford Municipal Opportunities Fund | 0.36 | 0.34 | 0.33 | 67 | Municipal Bonds | HLDIX vs HHMIX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.43 | 0.40 | 0.42 | 98 | Emerging Markets Bonds | HLDIX vs DBLLX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 0.49 | 0.46 | 0.49 | 96 | Emerging Markets Bonds | HLDIX vs SHCDX | |
| DoubleLine Emerging Markets Fixed Income Fund | 0.50 | 0.46 | 0.50 | 88 | Emerging Markets Bonds | HLDIX vs DBLEX |
See all 21 diversifiers for HLDIX
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