Looking to diversify beyond HNASX? The mutual funds below have historically moved differently from HNASX, 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 HNASX
0 mutual funds have low correlation with HNASX (below 0.3), 0 of which are negatively correlated. The least correlated is Homestead Funds Value Fund (HOVLX) (Large Cap Value Equities) with a 1Y correlation of 0.52, down from 0.70 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Homestead Funds Value Fund | 0.52 | 0.61 | 0.70 | 74 | Large Cap Value Equities | HNASX vs HOVLX | |
| ICON Equity Fund | 0.55 | 0.55 | 0.67 | 80 | Large Cap Growth Equities | HNASX vs IOLZX | |
| American Growth Fund Series One | 0.57 | 0.70 | 0.78 | 56 | Large Cap Growth Equities | HNASX vs AMRGX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.63 | 0.60 | 0.67 | 76 | Foreign Large Cap Equities | HNASX vs VTMGX | |
| Homestead International Equity Fund | 0.63 | 0.59 | 0.67 | 71 | Foreign Large Cap Equities | HNASX vs HISIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HNASX
Add HNASX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HNASX