Looking to diversify beyond HRSMX? The mutual funds below have the lowest correlation with HRSMX — 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 HRSMX.
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 Federated Hermes MDT Small Cap Growth Fund (QISGX) (Small Cap Growth Equities) with a 1Y correlation of 0.34, down from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund | 0.34 | 0.62 | 0.77 | 72 | Small Cap Growth Equities | HRSMX vs QISGX | |
| Goldman Sachs International Equity Income Fund | 0.56 | 0.56 | 0.61 | 54 | Foreign Large Cap Equities | HRSMX vs GSIKX | |
| American Funds New World Fund | 0.65 | 0.69 | 0.75 | 63 | Emerging Markets Diversified | HRSMX vs NEWFX | |
| Fuller & Thaler Behavioral Small-Cap Equity Fund | 0.70 | 0.80 | 0.84 | 58 | Small Cap Blend Equities | HRSMX vs FTHNX | |
| Vanguard Small-Cap Value Index Fund Admiral Shares | 0.70 | 0.77 | 0.82 | 53 | Small Cap Value Equities | HRSMX vs VSIAX |
See all 74 diversifiers for HRSMX
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