Looking to diversify beyond HNACX? The mutual funds below have historically moved differently from HNACX, 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 HNACX
1 mutual funds have low correlation with HNACX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Bond Index Fund Institutional Shares (VBITX) (Total Bond Market) with a 1Y correlation of 0.22, up from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Bond Index Fund Institutional ... | 0.22 | 0.08 | 0.09 | 56 | Total Bond Market | HNACX vs VBITX | |
| JPMorgan Equity Income Fund R6 | 0.39 | 0.41 | 0.54 | 89 | Large Cap Value Equities, Dividend | HNACX vs OIEJX | |
| Harbor Mid Cap Value Fund | 0.40 | 0.44 | 0.56 | 96 | Mid Cap Value Equities | HNACX vs HAMVX | |
| Harbor Mid Cap Value Fund Retirement Class | 0.40 | 0.44 | 0.56 | 97 | Mid Cap Value Equities | HNACX vs HNMVX | |
| Harbor Mid Cap Fund | 0.50 | 0.54 | 0.67 | 62 | Mid Cap Blend Equities | HNACX vs HMCNX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HNACX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Rivian Automotive, Inc. (RIVN) (Consumer Cyclical) with a 1Y correlation of 0.40, roughly unchanged from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rivian Automotive, Inc. | 0.40 | 0.38 | 0.50 | 56 | Consumer Cyclical | |
| Hewlett Packard Enterprise Company | 0.47 | 0.50 | 0.51 | 94 | Technology |
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