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Harding Loevner Global Equity Portfolio (HLMGX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
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The Portfolio invests in companies based in the United States and other developed markets, as well as in emerging and frontier markets. It normally holds investments across at least 15 countries. The Portfolio invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks, preferred stocks, rights and warrants issued by companies that are based both inside and outside the United States, securities convertible into such securities (including Depositary Receipts), and investment companies that invest in the types of securities in which the Portfolio would normally invest.

Looking to diversify beyond HLMGX? The mutual funds below have historically moved differently from HLMGX, 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 HLMGX

3 mutual funds have low correlation with HLMGX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.08, down from 0.53 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
GQFPX
GQG Partners Global Quality Dividend Income Fund0.080.420.53
70
Quality Factor, Global EquitiesHLMGX vs GQFPX
CSUAX
Cohen & Steers Global Infrastructure Fund Class A0.210.320.48
79
Infrastructure Equities, Global EquitiesHLMGX vs CSUAX
FGIAX
Nuveen Global Infrastructure Fund Class A0.290.410.56
66
Infrastructure Equities, Global EquitiesHLMGX vs FGIAX
MBXIX
Catalyst/Millburn Hedge Strategy Fund Class I0.390.350.38
90
Multistrategy, Systematic Trend, Global EquitiesHLMGX vs MBXIX
RTXAX
Russell Investment Tax-Managed Real Assets Fund0.440.550.64
92
Global EquitiesHLMGX vs RTXAX
See all 39 diversifiers for HLMGX

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