Looking to diversify beyond HSGFX? The mutual funds below have the lowest correlation with HSGFX — 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 HSGFX.
Best Diversifiers for HSGFX
20 mutual funds have low correlation with HSGFX (below 0.3), 16 of which are negatively correlated. The least correlated is AB Select US Long/Short Portfolio (ASILX) (Long-Short) with a 1Y correlation of -0.63, roughly unchanged from -0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AB Select US Long/Short Portfolio | -0.63 | -0.67 | -0.69 | 80 | Long-Short | HSGFX vs ASILX | |
| Meeder Spectrum Fund | -0.62 | -0.63 | -0.66 | 72 | Long-Short | HSGFX vs FLSPX | |
| Persimmon Long/Short Fund | -0.52 | -0.62 | -0.68 | 77 | Long-Short | HSGFX vs LSEIX | |
| Gotham Absolute Return Fund | -0.49 | -0.56 | -0.61 | 88 | Long-Short | HSGFX vs GARIX | |
| FPA Crescent Fund | -0.41 | -0.50 | -0.57 | 53 | Diversified Portfolio | HSGFX vs FPACX |
See all 20 diversifiers for HSGFX
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