Looking to diversify beyond HOBIX? The mutual funds below have the lowest correlation with HOBIX — 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 HOBIX.
Best Diversifiers for HOBIX
1 mutual funds have low correlation with HOBIX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO Multi-Sector Fixed Income Fund (GUGAX) (Intermediate Core-Plus Bond) with a 1Y correlation of 0.06, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Multi-Sector Fixed Income Fund | 0.06 | 0.28 | 0.35 | 83 | Intermediate Core-Plus Bond | HOBIX vs GUGAX | |
| Putnam Mortgage Securities Fund | 0.31 | 0.32 | 0.36 | 56 | Intermediate Core-Plus Bond | HOBIX vs PGSIX | |
| Archer Income Fund | 0.36 | 0.32 | 0.40 | 54 | Intermediate Core-Plus Bond | HOBIX vs ARINX | |
| AAMA Income Fund | 0.40 | 0.30 | 0.37 | 75 | Intermediate Core-Plus Bond | HOBIX vs AMFIX | |
| Leader Capital High Quality Income Fund Institutio... | 0.43 | 0.25 | 0.20 | 96 | Intermediate Core-Plus Bond | HOBIX vs LCTIX |
See all 9 diversifiers for HOBIX
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