Looking to diversify beyond HNRIX? The mutual funds below have the lowest correlation with HNRIX — 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 HNRIX.
Best Diversifiers for HNRIX
5 mutual funds have low correlation with HNRIX (below 0.3), 0 of which are negatively correlated. The least correlated is abrdn Global Infrastructure Fund (AIFRX) (Energy Equities) with a 1Y correlation of 0.18, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Global Infrastructure Fund | 0.18 | 0.34 | 0.44 | 64 | Energy Equities | HNRIX vs AIFRX | |
| JHancock Infrastructure Fund | 0.24 | 0.38 | 0.42 | 56 | Energy Equities | HNRIX vs JEEIX | |
| Cohen & Steers Global Infrastructure Fund, Inc. | 0.25 | 0.38 | 0.43 | 53 | Energy Equities | HNRIX vs CSUIX | |
| U.S. Global Investors Global Resources Fund | 0.25 | 0.45 | 0.60 | 56 | Energy Equities | HNRIX vs PSPFX | |
| Hennessy Balanced Fund | 0.26 | 0.42 | 0.52 | 65 | Diversified Portfolio | HNRIX vs HBFBX |
See all 21 diversifiers for HNRIX
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