Looking to diversify beyond HSFNX? The mutual funds below have the lowest correlation with HSFNX — 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 HSFNX.
Best Diversifiers for HSFNX
2 mutual funds have low correlation with HSFNX (below 0.3), 0 of which are negatively correlated. The least correlated is AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) (Systematic Trend) with a 1Y correlation of 0.12, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.12 | 0.09 | 0.08 | 67 | Systematic Trend | HSFNX vs ASFYX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.17 | 0.10 | 0.06 | 92 | Long-Short | HSFNX vs BDMIX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.38 | 0.36 | 0.43 | 75 | Large Cap Growth Equities | HSFNX vs NASDX | |
| Fidelity Asset Manager 70% Fund | 0.48 | 0.54 | 0.58 | 77 | Diversified Portfolio | HSFNX vs FASGX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.50 | 0.51 | 0.57 | 81 | Diversified Portfolio | HSFNX vs VTMFX |
See all 12 diversifiers for HSFNX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements HSFNX
Add HSFNX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HSFNX