Looking to diversify beyond HSWYX? The mutual funds below have historically moved differently from HSWYX, 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 HSWYX
0 mutual funds have low correlation with HSWYX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.37, down from 0.64 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.37 | 0.51 | 0.64 | 87 | Foreign Large Cap Equities | HSWYX vs IVFIX | |
| GQG Partners International Quality Dividend Income... | 0.46 | 0.64 | 0.70 | 65 | Quality Factor, Foreign Large Cap Equities | HSWYX vs GQJPX | |
| PIMCO RAE PLUS International Fund | 0.49 | 0.55 | 0.59 | 94 | Foreign Large Cap Equities | HSWYX vs PTSIX | |
| Kopernik International Fund | 0.50 | 0.43 | 0.57 | 58 | Foreign Large Cap Equities | HSWYX vs KGIIX | |
| The Hartford Equity Income Fund | 0.50 | 0.59 | 0.66 | 84 | Dividend, Large Cap Value Equities | HSWYX vs HQIYX |
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