Looking to diversify beyond HSSAX? The mutual funds below have historically moved differently from HSSAX, 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 HSSAX
0 mutual funds have low correlation with HSSAX (below 0.3), 0 of which are negatively correlated. The least correlated is Emerald Growth Fund (HSPGX) (Small Cap Growth Equities) with a 1Y correlation of 0.61, down from 0.73 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Emerald Growth Fund | 0.61 | 0.65 | 0.73 | 78 | Small Cap Growth Equities | HSSAX vs HSPGX | |
| Emerald Growth Fund Institutional Class | 0.61 | 0.65 | 0.73 | 79 | Small Cap Growth Equities | HSSAX vs FGROX | |
| Gabelli Global Financial Services Fund | 0.64 | 0.76 | 0.76 | 88 | Financials Equities | HSSAX vs GFSIX | |
| Gabelli Global Financial Services Fund Class AAA | 0.67 | 0.77 | 0.76 | 86 | Financials Equities | HSSAX vs GAFSX | |
| John Hancock Regional Bank Fund | 0.79 | 0.91 | 0.85 | 57 | Financials Equities | HSSAX vs FRBAX |
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