Looking to diversify beyond HRIIX? The mutual funds below have historically moved differently from HRIIX, 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 HRIIX
3 mutual funds have low correlation with HRIIX (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 0.12 | — | — | 99 | Multistrategy | HRIIX vs SHRIX | |
| AQR Managed Futures Strategy Fund - Class I | 0.24 | — | — | 90 | Systematic Trend | HRIIX vs AQMIX | |
| AQR Alternative Risk Premia Fund - Class I | 0.26 | — | — | 98 | Multistrategy | HRIIX vs QRPIX | |
| Boston Partners Long/Short Equity Fund | 0.32 | — | — | 98 | Long-Short | HRIIX vs BPLEX | |
| AQR Long-Short Equity Fund | 0.36 | — | — | 77 | Long-Short | HRIIX vs QLEIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HRIIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General American Investors Company, Inc. | 0.62 | — | — | 94 | Financial Services |
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