Looking to diversify beyond HLIPX? The mutual funds below have historically moved differently from HLIPX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for HLIPX
1 mutual funds have low correlation with HLIPX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds New World Fund (NFFFX) (Emerging Markets Equities) with a 1Y correlation of 0.29, roughly unchanged from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds New World Fund | 0.29 | 0.21 | 0.19 | 58 | Emerging Markets Equities | HLIPX vs NFFFX | |
| JPMorgan Equity Income Fund R6 | 0.31 | 0.22 | 0.16 | 94 | Large Cap Value Equities, Dividend | HLIPX vs OIEJX | |
| Dodge & Cox Stock Fund Class I | 0.32 | 0.20 | 0.14 | 75 | Large Cap Value Equities | HLIPX vs DODGX | |
| Holbrook Income Fund Class I | 0.34 | 0.31 | 0.38 | 98 | Intermediate Core-Plus Bond | HLIPX vs HOBIX | |
| DFA U.S. Small Cap Value Portfolio I | 0.34 | 0.22 | 0.14 | 90 | Small Cap Value Equities | HLIPX vs DFSVX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HLIPX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.17, roughly unchanged from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.17 | 0.16 | 0.14 | 90 | Technology |
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