Looking to diversify beyond HSCYX? The mutual funds below have the lowest correlation with HSCYX — 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 HSCYX.
Best Diversifiers for HSCYX
1 mutual funds have low correlation with HSCYX (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 0.13, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.13 | 0.13 | 0.11 | 66 | Municipal Bonds | HSCYX vs HHMIX | |
| The Hartford Strategic Income Fund | 0.41 | 0.35 | 0.30 | 66 | Multisector Bonds | HSCYX vs HSNIX | |
| Hartford International Value Fund | 0.53 | 0.59 | 0.64 | 56 | Foreign Large Cap Equities | HSCYX vs HILYX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.55 | 0.57 | 0.59 | 93 | Emerging Markets Equities | HSCYX vs SEMNX | |
| The Hartford Dividend and Growth Fund | 0.74 | 0.76 | 0.77 | 62 | Large Cap Value Equities | HSCYX vs HDGYX |
See all 14 diversifiers for HSCYX
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