Looking to diversify beyond HLMGX? The mutual funds below have the lowest correlation with HLMGX — 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 HLMGX.
Best Diversifiers for HLMGX
0 mutual funds have low correlation with HLMGX (below 0.3), 0 of which are negatively correlated. The least correlated is Russell Investment Tax-Managed Real Assets Fund (RTXAX) (Global Equities) with a 1Y correlation of 0.48, down from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Russell Investment Tax-Managed Real Assets Fund | 0.48 | 0.56 | 0.65 | 81 | Global Equities | HLMGX vs RTXAX | |
| Polaris Global Value Fund | 0.53 | 0.61 | 0.68 | 90 | Global Equities | HLMGX vs PGVFX | |
| T. Rowe Price Real Assets Fund | 0.54 | 0.59 | 0.66 | 57 | Global Equities | HLMGX vs PRAFX | |
| Wasatch Global Value Fund Investor Class Shares | 0.57 | 0.51 | 0.60 | 89 | Global Equities | HLMGX vs FMIEX | |
| GMO Climate Change Fund | 0.58 | 0.61 | 0.68 | 93 | Global Equities | HLMGX vs GCCHX |
See all 24 diversifiers for HLMGX
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