Looking to diversify beyond HSTRX? The mutual funds below have the lowest correlation with HSTRX — 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 HSTRX.
Best Diversifiers for HSTRX
9 mutual funds have low correlation with HSTRX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.20, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.20 | -0.03 | -0.06 | 75 | Tactical Allocation | HSTRX vs PBAIX | |
| Quantified STF Fund | 0.17 | 0.17 | 0.10 | 59 | Tactical Allocation | HSTRX vs QSTFX | |
| Cullen Emerging Markets High Dividend Fund | 0.19 | 0.28 | 0.34 | 89 | Emerging Markets Diversified | HSTRX vs CEMFX | |
| AQR Diversifying Strategies Fund Class N | 0.25 | 0.19 | 0.09 | 88 | Tactical Allocation | HSTRX vs QDSNX | |
| Alpha Fiduciary Quantitative Strategy Fund | 0.26 | 0.12 | 0.15 | 63 | Tactical Allocation | HSTRX vs AFQSX |
See all 52 diversifiers for HSTRX
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