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Horizon Defined Risk Fund (HNDRX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 5, 2026

The fund's investment adviser seeks to achieve the fund's investment objective by investing in a broadly diversified portfolio of equity securities (the "Equity Portfolio"), while seeking to generate income, hedge volatility and reduce the downside risk of the Equity Portfolio by buying and selling put and call options (the "Options Portfolio"). The Equity Portfolio typically focuses on investing in individual stocks. The Options Portfolio will generally consist of options "collars".

Looking to diversify beyond HNDRX? The mutual funds below have the lowest correlation with HNDRX — 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 HNDRX.

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 0.17, roughly unchanged from 0.18 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
PPFIX
Princeton Premium Fund0.170.150.18
100
Options TradingHNDRX vs PPFIX
HRSTX
Rational Tactical Return Fund0.510.360.24
80
Options TradingHNDRX vs HRSTX
GTEYX
Gateway Fund Class Y Shares0.720.760.86
72
Options TradingHNDRX vs GTEYX
GCPYX
Gateway Equity Call Premium Fund0.720.760.87
83
Options TradingHNDRX vs GCPYX
GTSOX
Glenmede Secured Options Portfolio0.810.780.84
85
Options TradingHNDRX vs GTSOX
See all 19 diversifiers for HNDRX

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