Looking to diversify beyond HMKIX? The mutual funds below have the lowest correlation with HMKIX — 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 HMKIX.
Best Diversifiers for HMKIX
13 mutual funds have low correlation with HMKIX (below 0.3), 0 of which are negatively correlated. The least correlated is Hartford Schroders Emerging Markets Equity Fund Class I (SEMNX) (Emerging Markets Equities) with a 1Y correlation of 0.14, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.14 | 0.13 | 0.12 | 93 | Emerging Markets Equities | HMKIX vs SEMNX | |
| Hartford Core Equity Fund | 0.18 | 0.16 | 0.11 | 51 | Large Cap Blend Equities | HMKIX vs HGIYX | |
| The Hartford Dividend and Growth Fund | 0.19 | 0.17 | 0.10 | 62 | Large Cap Value Equities | HMKIX vs HDGYX | |
| DFA Short Term Municipal Bond Portfolio | 0.20 | 0.27 | 0.38 | 99 | Municipal Bonds | HMKIX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.21 | 0.32 | 0.38 | 99 | Municipal Bonds | HMKIX vs USMSX |
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