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 0.14, 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 | 0.14 | 0.56 | 0.75 | 53 | Large Cap Value Equities | HWCIX vs LEIFX | |
| Fidelity Advisor Large Cap Fund Class I | 0.33 | 0.68 | 0.84 | 62 | Large Cap Value Equities | HWCIX vs FALIX | |
| Fidelity Advisor Large Cap Fund Class C | 0.34 | 0.68 | 0.84 | 60 | Large Cap Value Equities | HWCIX vs FLCCX | |
| Fidelity Advisor Large Cap Fund Class M | 0.34 | 0.68 | 0.84 | 61 | Large Cap Value Equities | HWCIX vs FALGX | |
| Rational Equity Armor Fund | 0.39 | 0.49 | 0.64 | 56 | Large Cap Value Equities | HWCIX vs HDCTX |
See all 35 diversifiers for HWCIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements HWCIX
Add HWCIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HWCIX