Looking to diversify beyond HSTIX? The mutual funds below have the lowest correlation with HSTIX — 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 HSTIX.
Best Diversifiers for HSTIX
1 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 0.25, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.25 | 0.13 | 0.12 | 73 | Large Cap Blend Equities | HSTIX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.48 | 0.33 | 0.42 | 72 | Large Cap Blend Equities | HSTIX vs ORDNX | |
| First Eagle Overseas Fund Class I | 0.61 | 0.60 | 0.66 | 57 | Large Cap Blend Equities, Foreign Large Cap Equities | HSTIX vs SGOIX | |
| Rock Oak Core Growth Fund | 0.63 | 0.71 | 0.81 | 56 | Large Cap Blend Equities | HSTIX vs RCKSX | |
| Glenmede Responsible ESG U.S. Equity Portfolio | 0.71 | 0.81 | 0.88 | 91 | Large Cap Blend Equities | HSTIX vs RESGX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HSTIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HSTIX and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.42, roughly unchanged from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.42 | 0.41 | 0.49 | 78 | Financial Services |
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