Looking to diversify beyond HQIYX? The mutual funds below have historically moved differently from HQIYX, 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 HQIYX
10 mutual funds have low correlation with HQIYX (below 0.3), 0 of which are negatively correlated. The least correlated is Hartford Ultrashort Bond HLS Fund (HUBBX) (Ultrashort Bond) with a 1Y correlation of 0.15, up from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Ultrashort Bond HLS Fund | 0.15 | 0.09 | 0.04 | 99 | Ultrashort Bond | HQIYX vs HUBBX | |
| Allspring Emerging Markets Equity Income Fund | 0.22 | 0.32 | 0.44 | 70 | Dividend, Emerging Markets Equities | HQIYX vs EQIIX | |
| Hartford Emerging Markets Equity Fund | 0.23 | 0.39 | 0.46 | 60 | Emerging Markets Equities | HQIYX vs HERIX | |
| Hartford Schroders Emerging Mkts Eq A | 0.24 | 0.39 | 0.47 | 70 | Emerging Markets Equities | HQIYX vs SEMVX | |
| Hartford Sustainable Municipal Bond Fund | 0.24 | 0.15 | 0.10 | 53 | Municipal Bonds | HQIYX vs HMKIX |
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