Looking to diversify beyond HQIIX? The mutual funds below have historically moved differently from HQIIX, 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 HQIIX
2 mutual funds have low correlation with HQIIX (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Emerging Markets Equity Income Fund (EQIIX) (Dividend) with a 1Y correlation of 0.23, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Emerging Markets Equity Income Fund | 0.23 | 0.33 | 0.44 | 70 | Dividend, Emerging Markets Equities | HQIIX vs EQIIX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.24 | 0.40 | 0.47 | 74 | Emerging Markets Equities | HQIIX vs SEMNX | |
| Fidelity Advisor 529 Dividend Growth Portfolio Cla... | 0.37 | 0.51 | 0.69 | 80 | Dividend | HQIIX vs FDGDX | |
| EuroPac International Dividend Income Fund Class A | 0.41 | 0.50 | 0.58 | 82 | Foreign Large Cap Equities, Dividend | HQIIX vs EPDPX | |
| American Funds Fundamental Investors® Class F-2 | 0.42 | 0.59 | 0.72 | 73 | Large Cap Blend Equities, Dividend | HQIIX vs FINFX |
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