Looking to diversify beyond HOSGX? The mutual funds below have historically moved differently from HOSGX, 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 HOSGX
6 mutual funds have low correlation with HOSGX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity ZERO Large Cap Index Fund (FNILX) (Large Cap Blend Equities) with a 1Y correlation of 0.15, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity ZERO Large Cap Index Fund | 0.15 | 0.10 | 0.09 | 59 | Large Cap Blend Equities | HOSGX vs FNILX | |
| Homestead Stock Index Fund | 0.15 | 0.09 | 0.08 | 57 | Large Cap Blend Equities | HOSGX vs HSTIX | |
| Fidelity ZERO Total Market Index Fund | 0.16 | 0.11 | 0.09 | 64 | Large Cap Blend Equities | HOSGX vs FZROX | |
| Homestead Funds Value Fund | 0.17 | 0.10 | 0.05 | 74 | Large Cap Value Equities | HOSGX vs HOVLX | |
| DFA Short-Term Government Portfolio | 0.26 | 0.11 | 0.35 | 99 | Government Bonds | HOSGX vs DFFGX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HOSGX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Lamar Advertising Company (REIT) (LAMR) (Real Estate) with a 1Y correlation of 0.30, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lamar Advertising Company (REIT) | 0.30 | 0.20 | 0.13 | 88 | Real Estate |
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