Looking to diversify beyond HMXIX? The mutual funds below have historically moved differently from HMXIX, 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 HMXIX
1 mutual funds have low correlation with HMXIX (below 0.3), 0 of which are negatively correlated. The least correlated is Princeton Premium Fund (PPFIX) (Options Trading) with a 1Y correlation of 0.21, roughly unchanged from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Princeton Premium Fund | 0.21 | 0.19 | 0.18 | 100 | Options Trading | HMXIX vs PPFIX | |
| AlphaCentric LifeSci Healthcare Fund | 0.33 | 0.44 | 0.51 | 94 | Health & Biotech Equities | HMXIX vs LYFIX | |
| AlphaCentric Symmetry Strategy Fund Class I | 0.58 | 0.60 | 0.56 | 82 | Multistrategy | HMXIX vs SYMIX | |
| Rational Tactical Return Fund | 0.64 | 0.46 | 0.34 | 63 | Options Trading | HMXIX vs HRSTX | |
| MAI Managed Volatility Fund | 0.69 | 0.78 | 0.83 | 93 | Options Trading | HMXIX vs MAIPX |
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