Looking to diversify beyond HNASX? The mutual funds below have the lowest correlation with HNASX — 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 HNASX.
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 Emerald Insights Fund (EFCNX) (Large Cap Growth Equities) with a 1Y correlation of 0.36, down from 0.85 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Emerald Insights Fund | 0.36 | 0.76 | 0.85 | 98 | Large Cap Growth Equities | HNASX vs EFCNX | |
| ICON Equity Fund | 0.53 | 0.53 | 0.67 | 70 | Large Cap Growth Equities | HNASX vs IOLZX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.61 | 0.60 | 0.66 | 55 | Large Cap Growth Equities, Foreign Large Cap Equities | HNASX vs VTMGX | |
| Davis New York Venture Fund Class Y | 0.62 | 0.68 | 0.74 | 84 | Large Cap Growth Equities | HNASX vs DNVYX | |
| One Rock Fund | 0.68 | 0.78 | 0.83 | 87 | Large Cap Growth Equities | HNASX vs ONERX |
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