Looking to diversify beyond HLLVX? The mutual funds below have historically moved differently from HLLVX, 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 HLLVX
5 mutual funds have low correlation with HLLVX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.09, roughly unchanged from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.09 | 0.07 | 0.16 | 78 | Short-Term Bond | HLLVX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.13 | 0.52 | 0.61 | 55 | Short-Term Bond | HLLVX vs GPARX | |
| GuidepathConservative Income Fund | 0.20 | 0.31 | 0.42 | 99 | Short-Term Bond | HLLVX vs GPICX | |
| JPMorgan Equity Income Fund R6 | 0.22 | 0.11 | 0.10 | 94 | Large Cap Value Equities, Dividend | HLLVX vs OIEJX | |
| DFA Two-Year Fixed Income Portfolio | 0.22 | 0.09 | 0.40 | 100 | Short-Term Bond | HLLVX vs DFCFX |
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