Looking to diversify beyond HMSIX? The mutual funds below have the lowest correlation with HMSIX — 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 HMSIX.
Best Diversifiers for HMSIX
8 mutual funds have low correlation with HMSIX (below 0.3), 3 of which are negatively correlated. The least correlated is Lord Abbett Short Duration High Yield Fund (LSYAX) (High Yield Bonds) with a 1Y correlation of -0.06, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Short Duration High Yield Fund | -0.06 | 0.21 | 0.31 | 74 | High Yield Bonds | HMSIX vs LSYAX | |
| Shelton Equity Income Fund | -0.05 | 0.30 | 0.46 | 52 | Derivative Income | HMSIX vs EQTIX | |
| Hennessy Japan Fund | -0.03 | 0.23 | 0.29 | 55 | Japan Equities, Asia Pacific Equities | HMSIX vs HJPNX | |
| Delaware Ivy Energy Fund | 0.21 | 0.43 | 0.65 | 88 | Energy Equities | HMSIX vs IEYYX | |
| Victory Global Energy Transition Fund Class Y | 0.24 | 0.47 | 0.61 | 95 | Energy Equities | HMSIX vs RSNYX |
See all 30 diversifiers for HMSIX
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