Looking to diversify beyond HSDAX? The mutual funds below have the lowest correlation with HSDAX — 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 HSDAX.
Best Diversifiers for HSDAX
6 mutual funds have low correlation with HSDAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of 0.07, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | 0.07 | 0.01 | 0.33 | 68 | Short-Term Bond | HSDAX vs DFCFX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.20 | 0.12 | 0.13 | 91 | Emerging Markets Equities | HSDAX vs SEMNX | |
| GuidePath Absolute Return Allocation Fund | 0.20 | 0.55 | 0.59 | 57 | Short-Term Bond | HSDAX vs GPARX | |
| Leader Short Term High Yield Bond Fund | 0.21 | 0.20 | 0.25 | 79 | Short-Term Bond | HSDAX vs LCCMX | |
| DFA Short-Duration Real Return Portfolio | 0.23 | 0.23 | 0.37 | 98 | Short-Term Bond | HSDAX vs DFAIX |
See all 23 diversifiers for HSDAX
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