Looking to diversify beyond HRAUX? The mutual funds below have historically moved differently from HRAUX, 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 HRAUX
0 mutual funds have low correlation with HRAUX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century Mid Cap Value R6 (AMDVX) (Mid Cap Value Equities) with a 1Y correlation of 0.50, down from 0.65 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century Mid Cap Value R6 | 0.50 | 0.56 | 0.65 | 71 | Mid Cap Value Equities | HRAUX vs AMDVX | |
| Needham Growth Fund Institutional Class | 0.79 | 0.80 | 0.84 | 53 | Mid Cap Growth Equities | HRAUX vs NEEIX | |
| Needham Growth Fund | 0.80 | 0.81 | 0.85 | 57 | Mid Cap Growth Equities | HRAUX vs NEEGX | |
| Fidelity 500 Index Fund | 0.82 | 0.85 | 0.88 | 64 | S&P 500 | HRAUX vs FXAIX | |
| Vanguard Institutional Index Fund Institutional Pl... | 0.82 | 0.85 | 0.88 | 63 | S&P 500, Large Cap Blend Equities | HRAUX vs VIIIX |
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