Looking to diversify beyond HWGIX? The mutual funds below have the lowest correlation with HWGIX — 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 HWGIX.
Best Diversifiers for HWGIX
0 mutual funds have low correlation with HWGIX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Global Technology Fund I Class (PGTIX) (Technology Equities) with a 1Y correlation of 0.40, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Global Technology Fund I Class | 0.40 | 0.47 | 0.54 | 87 | Technology Equities, Global Equities | HWGIX vs PGTIX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.43 | 0.54 | 0.61 | 51 | Global Equities | HWGIX vs CSUAX | |
| New Alternatives Fund | 0.48 | 0.61 | 0.62 | 59 | Global Equities | HWGIX vs NALFX | |
| Oberweis Global Opportunities Fund | 0.52 | 0.63 | 0.70 | 75 | Global Equities | HWGIX vs OBEGX | |
| Fidelity Advisor Worldwide Fund Class Z | 0.53 | 0.61 | 0.72 | 74 | Global Equities | HWGIX vs FIQOX |
See all 27 diversifiers for HWGIX
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