Looking to diversify beyond HLGAX? The mutual funds below have the lowest correlation with HLGAX — 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 HLGAX.
Best Diversifiers for HLGAX
3 mutual funds have low correlation with HLGAX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of 0.10, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.10 | 0.05 | 0.05 | 99 | Government Bonds | HLGAX vs GUSTX | |
| Federated Hermes Adjustable Rate Fund | 0.22 | 0.47 | 0.47 | 99 | Government Bonds | HLGAX vs FEUGX | |
| JPMorgan Equity Income Fund R6 | 0.29 | 0.19 | 0.10 | 80 | Large Cap Value Equities, Dividend | HLGAX vs OIEJX | |
| DFA Short-Term Government Portfolio | 0.31 | 0.11 | 0.37 | 56 | Government Bonds | HLGAX vs DFFGX | |
| Davis Government Bond Fund | 0.42 | 0.50 | 0.60 | 71 | Government Bonds | HLGAX vs RFBAX |
See all 11 diversifiers for HLGAX
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