Looking to diversify beyond HSWYX? The mutual funds below have the lowest correlation with HSWYX — 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 HSWYX.
Best Diversifiers for HSWYX
1 mutual funds have low correlation with HSWYX (below 0.3), 0 of which are negatively correlated. The least correlated is Hartford Municipal Opportunities Fund (HHMIX) (Municipal Bonds) with a 1Y correlation of 0.25, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.25 | 0.18 | 0.15 | 66 | Municipal Bonds | HSWYX vs HHMIX | |
| The Hartford Strategic Income Fund | 0.47 | 0.38 | 0.37 | 66 | Multisector Bonds | HSWYX vs HSNIX | |
| Kopernik International Fund | 0.53 | 0.45 | 0.58 | 81 | Foreign Large Cap Equities | HSWYX vs KGIIX | |
| PIMCO RAE PLUS International Fund | 0.56 | 0.57 | 0.60 | 81 | Foreign Large Cap Equities | HSWYX vs PTSIX | |
| SA International Value Fund | 0.56 | 0.60 | 0.68 | 87 | Foreign Large Cap Equities | HSWYX vs SAHMX |
See all 27 diversifiers for HSWYX
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