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 0.11, 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 | 0.11 | 0.29 | 0.35 | 74 | Intermediate Core-Plus Bond | HOBIX vs GUGAX | |
| Archer Income Fund | 0.31 | 0.32 | 0.40 | 58 | Intermediate Core-Plus Bond | HOBIX vs ARINX | |
| Putnam Mortgage Securities Fund | 0.31 | 0.33 | 0.36 | 51 | Intermediate Core-Plus Bond | HOBIX vs PGSIX | |
| AAMA Income Fund | 0.38 | 0.31 | 0.36 | 72 | Intermediate Core-Plus Bond | HOBIX vs AMFIX | |
| MassMutual Diversified Bond Fund | 0.44 | 0.40 | 0.43 | 83 | Intermediate Core-Plus Bond | HOBIX vs MDVAX |
See all 8 diversifiers for HOBIX
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