Looking to diversify beyond HWDIX? The mutual funds below have the lowest correlation with HWDIX — 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 HWDIX.
Best Diversifiers for HWDIX
0 mutual funds have low correlation with HWDIX (below 0.3), 0 of which are negatively correlated. The least correlated is Hartford Core Equity Fund (HGIYX) (Large Cap Blend Equities) with a 1Y correlation of 0.33, up from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Core Equity Fund | 0.33 | 0.18 | 0.18 | 51 | Large Cap Blend Equities | HWDIX vs HGIYX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.37 | 0.20 | 0.21 | 93 | Emerging Markets Equities | HWDIX vs SEMNX | |
| The Hartford Dividend and Growth Fund | 0.39 | 0.22 | 0.20 | 62 | Large Cap Value Equities | HWDIX vs HDGYX | |
| Payden Global Low Duration Fund | 0.42 | 0.54 | 0.55 | 80 | Global Bonds | HWDIX vs PYGSX | |
| Destinations Global Fixed Income Opportunities Fun... | 0.43 | 0.44 | 0.42 | 98 | Global Bonds | HWDIX vs DGFFX |
See all 13 diversifiers for HWDIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements HWDIX
Add HWDIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HWDIX