Looking to diversify beyond HRAUX? The mutual funds below have the lowest correlation with HRAUX — 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 HRAUX.
Best Diversifiers for HRAUX
0 mutual funds have low correlation with HRAUX (below 0.3), 0 of which are negatively correlated. The least correlated is Tanaka Growth Fund (TGFRX) (Mid Cap Growth Equities) with a 1Y correlation of 0.65, down from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Tanaka Growth Fund | 0.65 | 0.73 | 0.78 | 54 | Mid Cap Growth Equities | HRAUX vs TGFRX | |
| Essex Environmental Opportunities Fund | 0.69 | 0.75 | 0.81 | 79 | Mid Cap Growth Equities | HRAUX vs EEOFX | |
| Needham Growth Fund | 0.76 | 0.80 | 0.85 | 93 | Mid Cap Growth Equities | HRAUX vs NEEGX | |
| Vanguard Capital Opportunity Fund Investor Shares | 0.80 | 0.83 | 0.88 | 91 | Mid Cap Growth Equities | HRAUX vs VHCOX | |
| PrimeCap Odyssey Aggressive Growth Fund | 0.81 | 0.86 | 0.89 | 83 | Mid Cap Growth Equities | HRAUX vs POAGX |
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