Looking to diversify beyond HSLYX? The mutual funds below have the lowest correlation with HSLYX — 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 HSLYX.
Best Diversifiers for HSLYX
1 mutual funds have low correlation with HSLYX (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 0.19, 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 | 0.19 | 0.14 | 0.11 | 67 | Municipal Bonds | HSLYX vs HHMIX | |
| The Hartford Strategic Income Fund | 0.46 | 0.37 | 0.31 | 61 | Multisector Bonds | HSLYX vs HSNIX | |
| Hartford International Value Fund | 0.61 | 0.61 | 0.65 | 61 | Foreign Large Cap Equities | HSLYX vs HILYX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.62 | 0.61 | 0.62 | 91 | Emerging Markets Equities | HSLYX vs SEMNX | |
| The Hartford Dividend and Growth Fund | 0.77 | 0.78 | 0.79 | 64 | Large Cap Value Equities | HSLYX vs HDGYX |
See all 18 diversifiers for HSLYX
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