Looking to diversify beyond HLIEX? The mutual funds below have the lowest correlation with HLIEX — 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 HLIEX.
Best Diversifiers for HLIEX
3 mutual funds have low correlation with HLIEX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.25, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | 0.25 | 0.22 | 0.25 | 85 | Multisector Bonds | HLIEX vs JMSIX | |
| JPMorgan Income Fund Class A | 0.25 | 0.20 | 0.25 | 84 | Multisector Bonds | HLIEX vs JGIAX | |
| Federated Hermes Equity Income Fund | 0.26 | 0.58 | 0.78 | 71 | Large Cap Value Equities | HLIEX vs LEIFX | |
| Voya Corporate Leaders Trust Fund | 0.38 | 0.63 | 0.73 | 78 | Large Cap Value Equities | HLIEX vs LEXCX | |
| Fidelity Blue Chip Growth Fund Class K | 0.39 | 0.43 | 0.56 | 53 | Large Cap Growth Equities | HLIEX vs FBGKX |
See all 57 diversifiers for HLIEX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements HLIEX
Add HLIEX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HLIEX