Looking to diversify beyond HSPGX? The mutual funds below have the lowest correlation with HSPGX — 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 HSPGX.
Best Diversifiers for HSPGX
1 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 0.27, down from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund | 0.27 | 0.62 | 0.78 | 66 | Small Cap Growth Equities | HSPGX vs QISGX | |
| Emerald Insights Fund | 0.30 | 0.69 | 0.80 | 99 | Large Cap Growth Equities | HSPGX vs EFCNX | |
| Vanguard LifeStrategy Income Fund | 0.62 | 0.53 | 0.52 | 53 | Diversified Portfolio | HSPGX vs VASIX | |
| American Funds New World Fund® Class R-6 | 0.64 | 0.66 | 0.72 | 66 | Emerging Markets Diversified | HSPGX vs RNWGX | |
| BlackRock Equity Dividend Fund | 0.67 | 0.67 | 0.71 | 62 | Large Cap Value Equities | HSPGX vs MADVX |
See all 41 diversifiers for HSPGX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements HSPGX
Add HSPGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HSPGX