Looking to diversify beyond HQIFX? The mutual funds below have historically moved differently from HQIFX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for HQIFX
3 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.22 | 0.15 | 0.10 | 63 | Municipal Bonds | HQIFX vs HHMIX | |
| Allspring Emerging Markets Equity Income Fund | 0.23 | 0.33 | 0.44 | 63 | Dividend, Emerging Markets Equities | HQIFX vs EQIIX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.24 | 0.40 | 0.47 | 71 | Emerging Markets Equities | HQIFX vs SEMNX | |
| AMG Yacktman Focused Fund | 0.32 | 0.59 | 0.72 | 89 | Large Cap Value Equities | HQIFX vs YAFFX | |
| Voya Corporate Leaders Trust Fund | 0.39 | 0.61 | 0.72 | 93 | Large Cap Value Equities | HQIFX vs LEXCX |
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