Looking to diversify beyond HSTAX? The mutual funds below have the lowest correlation with HSTAX — 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 HSTAX.
Best Diversifiers for HSTAX
1 mutual funds have low correlation with HSTAX (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 0.27, up from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.27 | 0.18 | 0.14 | 67 | Municipal Bonds | HSTAX vs HHMIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.35 | 0.15 | 0.16 | 72 | Large Cap Blend Equities | HSTAX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.39 | 0.31 | 0.37 | 69 | Large Cap Blend Equities | HSTAX vs ORDNX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.44 | 0.42 | 0.45 | 91 | Emerging Markets Equities | HSTAX vs SEMNX | |
| The Hartford Strategic Income Fund | 0.46 | 0.36 | 0.32 | 61 | Multisector Bonds | HSTAX vs HSNIX |
See all 38 diversifiers for HSTAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements HSTAX
Add HSTAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HSTAX