Looking to diversify beyond HULAX? The mutual funds below have the lowest correlation with HULAX — 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 HULAX.
Best Diversifiers for HULAX
10 mutual funds have low correlation with HULAX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Municipal Fund (USMSX) (Municipal Bonds) with a 1Y correlation of 0.18, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | 0.18 | 0.32 | 0.39 | 99 | Municipal Bonds | HULAX vs USMSX | |
| DFA NY Municipal Bond Portfolio | 0.20 | 0.31 | 0.42 | 99 | Municipal Bonds | HULAX vs DNYMX | |
| DFA Short Term Municipal Bond Portfolio | 0.20 | 0.27 | 0.37 | 99 | Municipal Bonds | HULAX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.21 | 0.29 | — | 100 | Municipal Bonds | HULAX vs DFABX | |
| Federated Hermes Conservative Municipal Microshort... | 0.22 | 0.19 | 0.14 | 99 | Municipal Bonds | HULAX vs FHMIX |
See all 24 diversifiers for HULAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements HULAX
Add HULAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HULAX