Looking to diversify beyond HOBEX? The mutual funds below have the lowest correlation with HOBEX — 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 HOBEX.
Best Diversifiers for HOBEX
29 mutual funds have low correlation with HOBEX (below 0.3), 1 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of -0.01, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | -0.01 | 0.03 | 0.05 | 100 | High Yield Bonds | HOBEX vs CCLFX | |
| AQR Long-Short Equity Fund | 0.00 | 0.04 | -0.03 | 53 | Long-Short | HOBEX vs QLEIX | |
| DFA Two-Year Fixed Income Portfolio | 0.03 | -0.01 | 0.16 | 66 | Short-Term Bond | HOBEX vs DFCFX | |
| Leader Short Term High Yield Bond Fund | 0.12 | 0.27 | 0.28 | 75 | Short-Term Bond | HOBEX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.13 | 0.30 | 0.36 | 74 | Short-Term Bond | HOBEX vs GPARX |
See all 110 diversifiers for HOBEX
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