Looking to diversify beyond HNACX? The mutual funds below have the lowest correlation with HNACX — 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 HNACX.
Best Diversifiers for HNACX
0 mutual funds have low correlation with HNACX (below 0.3), 0 of which are negatively correlated. The least correlated is Harbor Mid Cap Value Fund (HAMVX) (Mid Cap Value Equities) with a 1Y correlation of 0.40, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Harbor Mid Cap Value Fund | 0.40 | 0.45 | 0.56 | 88 | Mid Cap Value Equities | HNACX vs HAMVX | |
| JPMorgan Equity Income Fund R6 | 0.40 | 0.41 | 0.54 | 77 | Large Cap Value Equities, Dividend | HNACX vs OIEJX | |
| Harbor Small Cap Value Fund | 0.47 | 0.52 | 0.63 | 83 | Small Cap Blend Equities | HNACX vs HASCX | |
| Harbor Mid Cap Fund | 0.49 | 0.54 | 0.67 | 61 | Mid Cap Blend Equities | HNACX vs HMCNX | |
| ICON Equity Fund | 0.56 | 0.53 | 0.65 | 84 | Large Cap Growth Equities | HNACX vs IOLZX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HNACX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HNACX and solid risk/return profiles. The least correlated is Hewlett Packard Enterprise Company (HPE) (Technology) with a 1Y correlation of 0.46, roughly unchanged from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hewlett Packard Enterprise Company | 0.46 | 0.50 | 0.51 | 96 | Technology |
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