Looking to diversify beyond HWCIX? The mutual funds below have the lowest correlation with HWCIX — 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 HWCIX.
Best Diversifiers for HWCIX
1 mutual funds have low correlation with HWCIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.17, down from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.17 | 0.54 | 0.75 | 67 | Large Cap Value Equities | HWCIX vs LEIFX | |
| Rational Equity Armor Fund | 0.37 | 0.49 | 0.63 | 56 | Large Cap Value Equities | HWCIX vs HDCTX | |
| Federated Hermes Strategic Value Dividend Fund | 0.46 | 0.60 | 0.70 | 80 | Large Cap Value Equities | HWCIX vs SVAIX | |
| Fidelity Large Cap Stock Fund | 0.55 | 0.71 | 0.84 | 73 | Large Cap Blend Equities | HWCIX vs FLCSX | |
| Vanguard International High Dividend Yield Index F... | 0.56 | 0.64 | 0.74 | 82 | Large Cap Value Equities, Dividend, Foreign Large Cap Equities | HWCIX vs VIHAX |
See all 35 diversifiers for HWCIX
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