Looking to diversify beyond HOSBX? The mutual funds below have historically moved differently from HOSBX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for HOSBX
7 mutual funds have low correlation with HOSBX (below 0.3), 0 of which are negatively correlated. The least correlated is GuidePath Absolute Return Allocation Fund (GPARX) (Short-Term Bond) with a 1Y correlation of 0.10, down from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuidePath Absolute Return Allocation Fund | 0.10 | 0.49 | 0.56 | 69 | Short-Term Bond | HOSBX vs GPARX | |
| Leader Short Term High Yield Bond Fund | 0.17 | 0.15 | 0.17 | 84 | Short-Term Bond | HOSBX vs LCCMX | |
| Homestead Funds Value Fund | 0.19 | 0.11 | 0.05 | 74 | Large Cap Value Equities | HOSBX vs HOVLX | |
| DFA Two-Year Fixed Income Portfolio | 0.19 | 0.02 | 0.35 | 100 | Short-Term Bond | HOSBX vs DFCFX | |
| Homestead Stock Index Fund | 0.22 | 0.12 | 0.09 | 57 | Large Cap Blend Equities | HOSBX vs HSTIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HOSBX
Add HOSBX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HOSBX