Looking to diversify beyond HMSFX? The mutual funds below have historically moved differently from HMSFX, 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 HMSFX
8 mutual funds have low correlation with HMSFX (below 0.3), 3 of which are negatively correlated. The least correlated is Hennessy Technology Fund (HTECX) (Technology Equities) with a 1Y correlation of -0.11, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hennessy Technology Fund | -0.11 | 0.21 | 0.35 | 52 | Technology Equities | HMSFX vs HTECX | |
| Hennessy Japan Fund | -0.06 | 0.21 | 0.28 | 63 | Japan Equities, Asia Pacific Equities | HMSFX vs HJPNX | |
| Hennessy Japan Small Cap Fund | -0.02 | 0.18 | 0.25 | 54 | Japan Equities, Asia Pacific Equities | HMSFX vs HJPSX | |
| Hennessy Equity and Income Fund | 0.04 | 0.29 | 0.41 | 59 | Diversified Portfolio | HMSFX vs HEIIX | |
| Hennessy Cornerstone Growth Fund | 0.09 | 0.38 | 0.56 | 53 | Small Cap Blend Equities | HMSFX vs HFCGX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HMSFX
Add HMSFX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HMSFX