Looking to diversify beyond HSMYX? The mutual funds below have the lowest correlation with HSMYX — 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 HSMYX.
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 Hartford Municipal Opportunities Fund (HHMIX) (Municipal Bonds) with a 1Y correlation of 0.15, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.15 | 0.11 | 0.08 | 62 | Municipal Bonds | HSMYX vs HHMIX | |
| Aegis Value Fund | 0.32 | 0.45 | 0.53 | 94 | Small Cap Value Equities | HSMYX vs AVALX | |
| The Hartford Strategic Income Fund | 0.38 | 0.32 | 0.27 | 62 | Multisector Bonds | HSMYX vs HSNIX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.39 | 0.46 | 0.52 | 93 | Emerging Markets Equities | HSMYX vs SEMNX | |
| Hartford International Value Fund | 0.59 | 0.62 | 0.68 | 58 | Foreign Large Cap Equities | HSMYX vs HILYX |
See all 26 diversifiers for HSMYX
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