Looking to diversify beyond HRSMX? The mutual funds below have historically moved differently from HRSMX, 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 HRSMX
0 mutual funds have low correlation with HRSMX (below 0.3), 0 of which are negatively correlated. The least correlated is Dodge & Cox Stock Fund Class X (DOXGX) (Large Cap Value Equities) with a 1Y correlation of 0.43, down from 0.70 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dodge & Cox Stock Fund Class X | 0.43 | 0.62 | 0.70 | 55 | Large Cap Value Equities, Actively Managed | HRSMX vs DOXGX | |
| Federated Hermes MDT Small Cap Growth Fund | 0.44 | 0.62 | 0.77 | 71 | Small Cap Growth Equities | HRSMX vs QISGX | |
| MFS Value Fund Class I | 0.44 | 0.56 | 0.65 | 69 | Large Cap Value Equities | HRSMX vs MEIIX | |
| Nomura Emerging Markets Fund Class A | 0.51 | 0.49 | 0.54 | 91 | Emerging Markets Equities | HRSMX vs DEMAX | |
| Goldman Sachs International Equity Income Fund | 0.54 | 0.55 | 0.60 | 83 | Dividend, Foreign Large Cap Equities | HRSMX vs GSIKX |
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