Looking to diversify beyond HTD? The mutual funds below have historically moved differently from HTD, 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 HTD
18 mutual funds have low correlation with HTD (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Emerging Markets Equity Income Fund (EQIIX) (Dividend) with a 1Y correlation of 0.15, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Emerging Markets Equity Income Fund | 0.15 | 0.19 | 0.30 | 63 | Dividend, Emerging Markets Equities | HTD vs EQIIX | |
| John Hancock Variable Insurance Trust Mid Cap Inde... | 0.17 | 0.36 | 0.50 | 69 | Mid Cap Blend Equities | HTD vs JECIX | |
| Voya Asia Pacific High Dividend Equity Income Fund | 0.19 | 0.24 | 0.31 | 58 | Derivative Income, Dividend, Asia Pacific Equities | HTD vs IAE | |
| Columbia Seligman Premium Technology Growth Fund | 0.19 | 0.22 | 0.36 | 88 | Technology Equities, Options Trading, Actively Managed | HTD vs STK | |
| Adams Diversified Equity Fund, Inc. | 0.20 | 0.32 | 0.46 | 83 | Large Cap Blend Equities | HTD vs ADX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HTD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.43, down from 0.59 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.43 | 0.54 | 0.59 | 55 | Financial Services | |
| Cohen & Steers Quality Income Realty Fund, Inc. | 0.47 | 0.57 | 0.61 | 66 | Financial Services | |
| DNP Select Income Fund Inc. | 0.50 | 0.56 | 0.54 | 89 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.55 | 0.58 | 0.59 | 74 | Financial Services |
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