Looking to diversify beyond HWGIX? The mutual funds below have historically moved differently from HWGIX, 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 HWGIX
0 mutual funds have low correlation with HWGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) (Multistrategy) with a 1Y correlation of 0.33, roughly unchanged from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.33 | 0.32 | 0.38 | 90 | Multistrategy, Systematic Trend, Global Equities | HWGIX vs MBXIX | |
| GQG Partners Global Quality Dividend Income Fund | 0.36 | 0.58 | 0.69 | 70 | Quality Factor, Global Equities | HWGIX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.37 | 0.52 | 0.60 | 79 | Infrastructure Equities, Global Equities | HWGIX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.41 | 0.55 | 0.66 | 66 | Infrastructure Equities, Global Equities | HWGIX vs FGIAX | |
| American Funds The New Economy Fund® Class F-2 | 0.42 | 0.56 | 0.67 | 70 | Global Equities | HWGIX vs NEFFX |
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