Looking to diversify beyond HQIFX? The mutual funds below have the lowest correlation with HQIFX — 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 HQIFX.
Best Diversifiers for HQIFX
1 mutual funds have low correlation with HQIFX (below 0.3), 0 of which are negatively correlated. The least correlated is Hartford Municipal Opportunities Fund (HHMIX) (Municipal Bonds) with a 1Y correlation of 0.22, up from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.22 | 0.16 | 0.10 | 67 | Municipal Bonds | HQIFX vs HHMIX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.35 | 0.45 | 0.50 | 91 | Emerging Markets Equities | HQIFX vs SEMNX | |
| The Hartford Strategic Income Fund | 0.40 | 0.32 | 0.27 | 55 | Multisector Bonds | HQIFX vs HSNIX | |
| BNY Mellon Equity Income Fund | 0.61 | 0.71 | 0.81 | 89 | Large Cap Value Equities | HQIFX vs DQIRX | |
| Hartford International Value Fund | 0.63 | 0.64 | 0.70 | 64 | Foreign Large Cap Equities | HQIFX vs HILYX |
See all 29 diversifiers for HQIFX
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