Looking to diversify beyond HSTRX? The mutual funds below have historically moved differently from HSTRX, 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 HSTRX
4 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 -0.15, roughly unchanged from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.15 | -0.02 | -0.06 | 85 | Tactical Allocation | HSTRX vs PBAIX | |
| Donoghue Forlines Dividend Fund | 0.24 | 0.27 | 0.34 | 92 | Tactical Allocation | HSTRX vs PWDIX | |
| AQR Diversifying Strategies Fund Class N | 0.25 | 0.19 | 0.09 | 92 | Tactical Allocation | HSTRX vs QDSNX | |
| Cullen Emerging Markets High Dividend Fund | 0.28 | 0.27 | 0.35 | 79 | Emerging Markets Equities | HSTRX vs CEMFX | |
| Alpha Fiduciary Quantitative Strategy Fund | 0.30 | 0.13 | 0.15 | 83 | Tactical Allocation | HSTRX vs AFQSX |
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