Looking to diversify beyond HMVYX? The mutual funds below have the lowest correlation with HMVYX — 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 HMVYX.
Best Diversifiers for HMVYX
1 mutual funds have low correlation with HMVYX (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 0.25, up from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.25 | 0.16 | 0.10 | 67 | Municipal Bonds | HMVYX vs HHMIX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.47 | 0.52 | 0.57 | 91 | Emerging Markets Equities | HMVYX vs SEMNX | |
| The Hartford Strategic Income Fund | 0.48 | 0.37 | 0.30 | 61 | Multisector Bonds | HMVYX vs HSNIX | |
| Hartford International Value Fund | 0.66 | 0.66 | 0.72 | 61 | Foreign Large Cap Equities | HMVYX vs HILYX | |
| Glenmede Quantitative U.S. Total Market Equity Por... | 0.79 | 0.86 | 0.90 | 55 | Mid Cap Value Equities | HMVYX vs GTTMX |
See all 24 diversifiers for HMVYX
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