Looking to diversify beyond HNDRX? The mutual funds below have historically moved differently from HNDRX, 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 HNDRX
1 mutual funds have low correlation with HNDRX (below 0.3), 0 of which are negatively correlated. The least correlated is Princeton Premium Fund (PPFIX) (Options Trading) with a 1Y correlation of 0.18, roughly unchanged from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Princeton Premium Fund | 0.18 | 0.17 | 0.17 | 100 | Options Trading | HNDRX vs PPFIX | |
| Rational Tactical Return Fund | 0.60 | 0.41 | 0.27 | 69 | Options Trading | HNDRX vs HRSTX | |
| Gateway Fund Class Y Shares | 0.78 | 0.75 | 0.84 | 67 | Options Trading | HNDRX vs GTEYX | |
| Gateway Equity Call Premium Fund | 0.78 | 0.77 | 0.87 | 84 | Options Trading | HNDRX vs GCPYX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.80 | 0.79 | 0.79 | 64 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | HNDRX vs QQQX |
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