Looking to diversify beyond HOVLX? The mutual funds below have the lowest correlation with HOVLX — 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 HOVLX.
Best Diversifiers for HOVLX
0 mutual funds have low correlation with HOVLX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of 0.48, down from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.48 | 0.55 | 0.67 | 78 | Large Cap Value Equities | HOVLX vs SVAIX | |
| Rational Equity Armor Fund | 0.62 | 0.68 | 0.75 | 55 | Large Cap Value Equities | HOVLX vs HDCTX | |
| Hennessy Cornerstone Value Fund | 0.64 | 0.75 | 0.81 | 81 | Large Cap Value Equities | HOVLX vs HFCVX | |
| Vanguard International High Dividend Yield Index F... | 0.73 | 0.68 | 0.74 | 80 | Large Cap Value Equities, Dividend, Foreign Large Cap Equities | HOVLX vs VIHAX | |
| Towpath Focus Fund | 0.74 | 0.82 | 0.88 | 85 | Large Cap Value Equities | HOVLX vs TOWFX |
See all 29 diversifiers for HOVLX
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