Looking to diversify beyond HPS? The mutual funds below have the lowest correlation with HPS — 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 HPS.
Best Diversifiers for HPS
1 mutual funds have low correlation with HPS (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Energy Equities) with a 1Y correlation of 0.19, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.19 | 0.32 | 0.37 | 56 | Energy Equities | HPS vs JEEIX | |
| PIMCO Preferred and Capital Securities Fund | 0.32 | 0.39 | 0.39 | 73 | Preferred Stock/Convertible Bonds | HPS vs PFINX | |
| Principal Capital Securities Fund | 0.33 | 0.35 | 0.36 | 76 | Preferred Stock/Convertible Bonds | HPS vs PCSFX | |
| Cohen & Steers Preferred Securities and Income SMA... | 0.35 | 0.37 | 0.38 | 85 | Preferred Stock/Convertible Bonds | HPS vs PISHX | |
| Nuveen Preferred Securities & Income Fund | 0.36 | 0.46 | 0.47 | 73 | Preferred Stock/Convertible Bonds | HPS vs NPSRX |
See all 23 diversifiers for HPS
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