Looking to diversify beyond HSNIX? The mutual funds below have the lowest correlation with HSNIX — 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 HSNIX.
Best Diversifiers for HSNIX
5 mutual funds have low correlation with HSNIX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Floating Rate High Income Fund (FFRHX) (Bank Loan) with a 1Y correlation of 0.05, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | 0.05 | 0.11 | 0.22 | 93 | Bank Loan | HSNIX vs FFRHX | |
| Nationwide Strategic Income A | 0.10 | 0.24 | 0.23 | 99 | Multisector Bonds | HSNIX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.15 | 0.26 | 0.24 | 99 | Multisector Bonds | HSNIX vs NWXHX | |
| Hartford Real Asset Fund | 0.25 | 0.33 | 0.33 | 90 | Global Allocation | HSNIX vs HRLYX | |
| CrossingBridge Low Duration High Yield Fund | 0.30 | 0.24 | 0.24 | 97 | Multisector Bonds | HSNIX vs CBLDX |
See all 51 diversifiers for HSNIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements HSNIX
Add HSNIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HSNIX