Looking to diversify beyond HRSTX? The mutual funds below have historically moved differently from HRSTX, 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 HRSTX
2 mutual funds have low correlation with HRSTX (below 0.3), 0 of which are negatively correlated. The least correlated is Princeton Premium Fund (PPFIX) (Options Trading) with a 1Y correlation of 0.20, roughly unchanged from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Princeton Premium Fund | 0.20 | 0.24 | 0.19 | 100 | Options Trading | HRSTX vs PPFIX | |
| Rational Special Situations Income Fund | 0.23 | 0.05 | 0.07 | 98 | Multisector Bonds | HRSTX vs RFXIX | |
| Rational/ReSolve Adaptive Asset Allocation Fund | 0.34 | 0.15 | 0.08 | 77 | Tactical Allocation | HRSTX vs RDMIX | |
| Columbia Seligman Premium Technology Growth Fund | 0.50 | 0.34 | 0.24 | 88 | Technology Equities, Options Trading, Actively Managed | HRSTX vs STK | |
| Gateway Fund Class Y Shares | 0.51 | 0.31 | 0.22 | 64 | Options Trading | HRSTX vs GTEYX |
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