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
2 mutual funds have low correlation with HLIEX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.26, down from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.26 | 0.60 | 0.78 | 67 | Large Cap Value Equities | HLIEX vs LEIFX | |
| JPMorgan Income Fund | 0.27 | 0.22 | 0.26 | 78 | Multisector Bonds | HLIEX vs JMSIX | |
| Fidelity Blue Chip Growth Fund Class K | 0.41 | 0.44 | 0.56 | 68 | Large Cap Growth Equities | HLIEX vs FBGKX | |
| Rational Equity Armor Fund | 0.50 | 0.54 | 0.68 | 56 | Large Cap Value Equities | HLIEX vs HDCTX | |
| Federated Hermes Strategic Value Dividend Fund | 0.56 | 0.65 | 0.76 | 80 | Large Cap Value Equities | HLIEX vs SVAIX |
See all 47 diversifiers for HLIEX
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