Looking to diversify beyond HSGFX? The mutual funds below have historically moved differently from HSGFX, 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 HSGFX
25 mutual funds have low correlation with HSGFX (below 0.3), 24 of which are negatively correlated. The least correlated is AB Select US Long/Short Portfolio (ASILX) (Long-Short) with a 1Y correlation of -0.70, roughly unchanged from -0.70 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AB Select US Long/Short Portfolio | -0.70 | -0.68 | -0.70 | 71 | Long-Short | HSGFX vs ASILX | |
| Meeder Spectrum Fund | -0.70 | -0.65 | -0.67 | 71 | Long-Short | HSGFX vs FLSPX | |
| Gateway Fund | -0.60 | -0.56 | -0.65 | 61 | Options Trading | HSGFX vs GATEX | |
| Persimmon Long/Short Fund | -0.59 | -0.64 | -0.68 | 87 | Long-Short | HSGFX vs LSEIX | |
| Gotham Absolute Return Fund | -0.58 | -0.58 | -0.62 | 89 | Long-Short | HSGFX vs GARIX |
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