Looking to diversify beyond HSTIX? The mutual funds below have historically moved differently from HSTIX, 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 HSTIX
0 mutual funds have low correlation with HSTIX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.33, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.33 | 0.15 | 0.13 | 97 | Large Cap Blend Equities | HSTIX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.53 | 0.35 | 0.41 | 57 | Preferred Stock | HSTIX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.56 | 0.70 | 0.80 | 94 | Large Cap Blend Equities | HSTIX vs RCKSX | |
| Muhlenkamp Fund | 0.61 | 0.69 | 0.73 | 56 | Large Cap Blend Equities | HSTIX vs MUHLX | |
| First Eagle Overseas Fund Class I | 0.64 | 0.60 | 0.65 | 77 | Foreign Large Cap Equities | HSTIX vs SGOIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HSTIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.46, roughly unchanged from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.46 | 0.42 | 0.50 | 52 | Financial Services |
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