Looking to diversify beyond HPI? The mutual funds below have the lowest correlation with HPI — 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 HPI.
Best Diversifiers for HPI
1 mutual funds have low correlation with HPI (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Energy Equities) with a 1Y correlation of 0.17, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.18 | 0.26 | 0.35 | 56 | Energy Equities | HPI vs JEEIX | |
| Cohen & Steers Preferred Securities and Income SMA... | 0.33 | 0.35 | 0.39 | 85 | Preferred Stock/Convertible Bonds | HPI vs PISHX | |
| Principal Capital Securities Fund | 0.38 | 0.37 | 0.39 | 76 | Preferred Stock/Convertible Bonds | HPI vs PCSFX | |
| Cohen & Steers Low Duration Preferred and Income F... | 0.39 | 0.36 | 0.39 | 82 | Preferred Stock/Convertible Bonds | HPI vs LPXZX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.40 | 0.35 | 0.41 | 93 | Multistrategy | HPI vs JAAAX |
See all 22 diversifiers for HPI
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