Looking to diversify beyond HSPGX? The mutual funds below have historically moved differently from HSPGX, 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 HSPGX
0 mutual funds have low correlation with HSPGX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Growth Fund (QISGX) (Small Cap Growth Equities) with a 1Y correlation of 0.43, down from 0.78 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund | 0.43 | 0.63 | 0.78 | 63 | Small Cap Growth Equities | HSPGX vs QISGX | |
| Federated Hermes MDT Small Cap Growth Fund Class A | 0.44 | 0.63 | 0.78 | 60 | Small Cap Growth Equities | HSPGX vs QASGX | |
| BlackRock Equity Dividend Fund Institutional Share... | 0.61 | 0.65 | 0.70 | 88 | Large Cap Value Equities | HSPGX vs MADVX | |
| American Funds American Mutual Fund Class F-3 | 0.65 | 0.70 | 0.72 | 63 | Large Cap Value Equities | HSPGX vs AFMFX | |
| Victory Sycamore Small Company Opportunity Fund | 0.69 | 0.76 | 0.80 | 61 | Small Cap Value Equities | HSPGX vs GOGFX |
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