Looking to diversify beyond HLGEX? The mutual funds below have the lowest correlation with HLGEX — 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 HLGEX.
Best Diversifiers for HLGEX
2 mutual funds have low correlation with HLGEX (below 0.3), 0 of which are negatively correlated. The least correlated is Weitz Short Duration Income Fund (WEFIX) (Short-Term Bond) with a 1Y correlation of 0.25, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Weitz Short Duration Income Fund | 0.25 | 0.08 | 0.12 | 92 | Short-Term Bond | HLGEX vs WEFIX | |
| JPMorgan Income Fund | 0.28 | 0.22 | 0.28 | 81 | Multisector Bonds | HLGEX vs JMSIX | |
| Blackstone Alternative Multi-Strategy Fund | 0.48 | 0.45 | 0.49 | 99 | Multistrategy | HLGEX vs BXMIX | |
| Causeway Emerging Markets Fund | 0.51 | 0.49 | 0.54 | 89 | Emerging Markets Diversified | HLGEX vs CEMIX | |
| JPMorgan Equity Income Fund R6 | 0.63 | 0.66 | 0.70 | 77 | Large Cap Value Equities, Dividend | HLGEX vs OIEJX |
See all 23 diversifiers for HLGEX
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