Looking to diversify beyond HSAFX? The mutual funds below have historically moved differently from HSAFX, 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 HSAFX
23 mutual funds have low correlation with HSAFX (below 0.3), 15 of which are negatively correlated. The least correlated is Teberg Fund (TEBRX) (Tactical Allocation) with a 1Y correlation of -0.28, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Teberg Fund | -0.28 | 0.01 | 0.09 | 79 | Tactical Allocation | HSAFX vs TEBRX | |
| Donoghue Forlines Momentum Fund | -0.23 | 0.05 | 0.12 | 88 | Tactical Allocation | HSAFX vs MOJOX | |
| BNY Mellon Global Real Return Fund - Class I | -0.17 | 0.10 | 0.11 | 85 | Tactical Allocation | HSAFX vs DRRIX | |
| Potomac Defensive Bull Fund | -0.14 | 0.05 | 0.05 | 93 | Tactical Allocation | HSAFX vs CRDBX | |
| AQR Diversifying Strategies Fund Class N | -0.14 | -0.01 | 0.08 | 94 | Tactical Allocation | HSAFX vs QDSNX |
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