Looking to diversify beyond HPF? The mutual funds below have the lowest correlation with HPF — 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 HPF.
Best Diversifiers for HPF
0 mutual funds have low correlation with HPF (below 0.3), 0 of which are negatively correlated. The least correlated is John Hancock Funds Alternative Asset Allocation Fund (JAAAX) (Multistrategy) with a 1Y correlation of 0.35, roughly unchanged from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| John Hancock Funds Alternative Asset Allocation Fu... | 0.35 | 0.38 | 0.44 | 95 | Multistrategy | HPF vs JAAAX | |
| Lord Abbett Convertible Fund Class F | 0.36 | 0.35 | 0.43 | 88 | Preferred Stock/Convertible Bonds | HPF vs LBFFX | |
| Cohen & Steers Preferred Securities and Income SMA... | 0.37 | 0.37 | 0.38 | 87 | Preferred Stock/Convertible Bonds | HPF vs PISHX | |
| Principal Capital Securities Fund | 0.38 | 0.37 | 0.36 | 77 | Preferred Stock/Convertible Bonds | HPF vs PCSFX | |
| PIMCO Preferred and Capital Securities Fund | 0.39 | 0.40 | 0.40 | 74 | Preferred Stock/Convertible Bonds | HPF vs PFINX |
See all 22 diversifiers for HPF
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