Looking to diversify beyond HLEIX? The mutual funds below have the lowest correlation with HLEIX — 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 HLEIX.
Best Diversifiers for HLEIX
2 mutual funds have low correlation with HLEIX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.22, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | 0.22 | 0.22 | 0.28 | 80 | Multisector Bonds | HLEIX vs JMSIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.25 | 0.13 | 0.12 | 73 | Large Cap Blend Equities | HLEIX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.48 | 0.34 | 0.43 | 72 | Large Cap Blend Equities | HLEIX vs ORDNX | |
| First Eagle Overseas Fund Class I | 0.62 | 0.61 | 0.66 | 57 | Large Cap Blend Equities, Foreign Large Cap Equities | HLEIX vs SGOIX | |
| Rock Oak Core Growth Fund | 0.63 | 0.72 | 0.81 | 56 | Large Cap Blend Equities | HLEIX vs RCKSX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HLEIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HLEIX and solid risk/return profiles. The least correlated is JPMorgan Chase & Co. (JPM) (Financial Services) with a 1Y correlation of 0.52, roughly unchanged from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JPMorgan Chase & Co. | 0.52 | 0.51 | 0.58 | 59 | Financial Services |
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