Looking to diversify beyond HMXIX? The mutual funds below have the lowest correlation with HMXIX — 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 HMXIX.
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 0.18, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Princeton Premium Fund | 0.19 | 0.17 | 0.18 | 100 | Options Trading | HMXIX vs PPFIX | |
| AlphaCentric LifeSci Healthcare Fund | 0.38 | 0.46 | 0.52 | 76 | Health & Biotech Equities | HMXIX vs LYFIX | |
| Rational Tactical Return Fund | 0.57 | 0.43 | 0.32 | 55 | Options Trading | HMXIX vs HRSTX | |
| AlphaCentric Symmetry Strategy Fund Class I | 0.63 | 0.62 | 0.58 | 61 | Multistrategy | HMXIX vs SYMIX | |
| Gateway Fund Class Y Shares | 0.69 | 0.72 | 0.82 | 70 | Options Trading | HMXIX vs GTEYX |
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