Looking to diversify beyond HSMYX? The mutual funds below have historically moved differently from HSMYX, 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 HSMYX
1 mutual funds have low correlation with HSMYX (below 0.3), 0 of which are negatively correlated. The least correlated is Aegis Value Fund Class I (AVALX) (Small Cap Value Equities) with a 1Y correlation of 0.30, down from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Aegis Value Fund Class I | 0.30 | 0.42 | 0.51 | 95 | Small Cap Value Equities | HSMYX vs AVALX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.34 | 0.43 | 0.50 | 74 | Emerging Markets Equities | HSMYX vs SEMNX | |
| Hartford International Value Fund | 0.54 | 0.60 | 0.66 | 88 | Foreign Large Cap Equities | HSMYX vs HILYX | |
| Hartford Core Equity Fund | 0.56 | 0.58 | 0.68 | 51 | Large Cap Blend Equities | HSMYX vs HGIYX | |
| Invesco Small Cap Value Fund | 0.64 | 0.76 | 0.83 | 83 | Small Cap Value Equities | HSMYX vs VSCAX |
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