Looking to diversify beyond HRLYX? The mutual funds below have historically moved differently from HRLYX, 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 HRLYX
6 mutual funds have low correlation with HRLYX (below 0.3), 0 of which are negatively correlated. The least correlated is Hartford Municipal Opportunities Fund (HHMIX) (Municipal Bonds) with a 1Y correlation of 0.02, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.02 | 0.12 | 0.11 | 55 | Municipal Bonds | HRLYX vs HHMIX | |
| Loomis Sayles Global Allocation Fund | 0.17 | 0.39 | 0.50 | 54 | Global Allocation | HRLYX vs LSWWX | |
| Nuveen Multi-Asset Income Fund | 0.20 | 0.35 | — | 77 | Global Allocation | HRLYX vs NMAI | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.26 | 0.47 | 0.56 | 73 | Emerging Markets Equities | HRLYX vs SEMNX | |
| MH Elite Select Portfolio of Funds Fund | 0.29 | 0.28 | 0.49 | 75 | Global Allocation | HRLYX vs MHESX |
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