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Homestead Funds Short-Term Government Securities Fund (HOSGX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund normally invests at least 80% of its net assets (plus borrowing for investment purposes) in fixed-income securities whose principal and interest payments are guaranteed by the U.S. government. In addition, the dollar-weighted average portfolio maturity of the fund, under normal circumstances, is expected to be three years or less.

Looking to diversify beyond HOSGX? The mutual funds below have the lowest correlation with HOSGX — 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 HOSGX.

Best Diversifiers for HOSGX

5 mutual funds have low correlation with HOSGX (below 0.3), 0 of which are negatively correlated. The least correlated is Homestead Stock Index Fund (HSTIX) (Large Cap Blend Equities) with a 1Y correlation of 0.13, roughly unchanged from 0.07 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
HSTIX
Homestead Stock Index Fund0.130.090.07
63
Large Cap Blend EquitiesHOSGX vs HSTIX
FNILX
Fidelity ZERO Large Cap Index Fund0.130.100.08
63
Large Cap Blend EquitiesHOSGX vs FNILX
FZROX
Fidelity ZERO Total Market Index Fund0.140.110.08
66
Large Cap Blend EquitiesHOSGX vs FZROX
HOVLX
Homestead Funds Value Fund0.160.090.05
52
Large Cap Value EquitiesHOSGX vs HOVLX
DFFGX
DFA Short-Term Government Portfolio0.230.120.35
59
Government BondsHOSGX vs DFFGX
See all 13 diversifiers for HOSGX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from HOSGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HOSGX and solid risk/return profiles. The least correlated is Lamar Advertising Company (REIT) (LAMR) (Real Estate) with a 1Y correlation of 0.28, up from 0.11 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
LAMR
Lamar Advertising Company (REIT)0.280.200.11
82
Real Estate

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