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Harding Loevner International Equity Portfolio (HLMIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 2026

The fund invests in companies based in developed markets outside the U.S. as well as in companies in emerging and frontier markets. It normally 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 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. The fund normally holds investments across at least 15 countries.

Looking to diversify beyond HLMIX? The mutual funds below have the lowest correlation with HLMIX — 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 HLMIX.

Best Diversifiers for HLMIX

0 mutual funds have low correlation with HLMIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.47, down from 0.66 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
IVFIX
Federated Hermes International Strategic Value Div...0.470.560.66
61
Foreign Large Cap EquitiesHLMIX vs IVFIX
YAFFX
AMG Yacktman Focused Fund0.530.640.73
86
Large Cap Value EquitiesHLMIX vs YAFFX
PTSIX
PIMCO RAE PLUS International Fund0.580.620.64
82
Foreign Large Cap EquitiesHLMIX vs PTSIX
SAHMX
SA International Value Fund0.620.640.71
89
Foreign Large Cap EquitiesHLMIX vs SAHMX
THOIX
Thornburg Global Opportunities Fund0.660.750.80
86
Foreign Large Cap EquitiesHLMIX vs THOIX
See all 20 diversifiers for HLMIX

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