Looking to diversify beyond HNCYX? The mutual funds below have the lowest correlation with HNCYX — 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 HNCYX.
Best Diversifiers for HNCYX
1 mutual funds have low correlation with HNCYX (below 0.3), 0 of which are negatively correlated. The least correlated is Hartford Municipal Opportunities Fund (HHMIX) (Municipal Bonds) with a 1Y correlation of 0.22, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.22 | 0.16 | 0.14 | 66 | Municipal Bonds | HNCYX vs HHMIX | |
| The Hartford Strategic Income Fund | 0.48 | 0.37 | 0.37 | 60 | Multisector Bonds | HNCYX vs HSNIX | |
| PIMCO RAE PLUS International Fund | 0.49 | 0.52 | 0.57 | 84 | Foreign Large Cap Equities | HNCYX vs PTSIX | |
| SA International Value Fund | 0.49 | 0.55 | 0.64 | 88 | Foreign Large Cap Equities | HNCYX vs SAHMX | |
| EuroPac International Dividend Income Fund | 0.53 | 0.56 | 0.63 | 85 | Foreign Large Cap Equities | HNCYX vs EPDIX |
See all 26 diversifiers for HNCYX
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