Looking to diversify beyond HWDIX? The mutual funds below have historically moved differently from HWDIX, 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 HWDIX
1 mutual funds have low correlation with HWDIX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two Year Global Fixed Income Portfolio (DFGFX) (Global Bonds) with a 1Y correlation of 0.24, roughly unchanged from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 0.24 | 0.09 | 0.29 | 100 | Global Bonds | HWDIX vs DFGFX | |
| The Hartford Equity Income Fund | 0.32 | 0.22 | 0.19 | 77 | Dividend, Large Cap Value Equities | HWDIX vs HQIYX | |
| The Hartford Dividend and Growth Fund | 0.38 | 0.23 | 0.21 | 88 | Large Cap Value Equities | HWDIX vs HDGYX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.39 | 0.22 | 0.22 | 71 | Emerging Markets Equities | HWDIX vs SEMNX | |
| Hartford Municipal Opportunities Fund | 0.42 | 0.56 | 0.54 | 63 | Municipal Bonds | HWDIX vs HHMIX |
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