Looking to diversify beyond HMDYX? The mutual funds below have the lowest correlation with HMDYX — 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 HMDYX.
Best Diversifiers for HMDYX
1 mutual funds have low correlation with HMDYX (below 0.3), 0 of which are negatively correlated. The least correlated is Hartford Municipal Opportunities Fund (HHMIX) (Municipal Bonds) with a 1Y correlation of 0.18, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.18 | 0.13 | 0.11 | 67 | Municipal Bonds | HMDYX vs HHMIX | |
| The Hartford Strategic Income Fund | 0.51 | 0.38 | 0.33 | 55 | Multisector Bonds | HMDYX vs HSNIX | |
| Hartford International Value Fund | 0.59 | 0.59 | 0.65 | 64 | Foreign Large Cap Equities | HMDYX vs HILYX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.64 | 0.61 | 0.63 | 91 | Emerging Markets Equities | HMDYX vs SEMNX | |
| Tanaka Growth Fund | 0.67 | 0.73 | 0.78 | 53 | Mid Cap Growth Equities | HMDYX vs TGFRX |
See all 17 diversifiers for HMDYX
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