Looking to diversify beyond HWLIX? The mutual funds below have the lowest correlation with HWLIX — 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 HWLIX.
Best Diversifiers for HWLIX
0 mutual funds have low correlation with HWLIX (below 0.3), 0 of which are negatively correlated. The least correlated is Rational Equity Armor Fund (HDCTX) (Large Cap Value Equities) with a 1Y correlation of 0.37, down from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rational Equity Armor Fund | 0.37 | 0.47 | 0.62 | 56 | Large Cap Value Equities | HWLIX vs HDCTX | |
| Federated Hermes Strategic Value Dividend Fund | 0.47 | 0.62 | 0.71 | 80 | Large Cap Value Equities | HWLIX vs SVAIX | |
| Fidelity Large Cap Stock Fund | 0.54 | 0.69 | 0.83 | 73 | Large Cap Blend Equities | HWLIX vs FLCSX | |
| Vanguard International High Dividend Yield Index F... | 0.56 | 0.64 | 0.74 | 82 | Large Cap Value Equities, Dividend, Foreign Large Cap Equities | HWLIX vs VIHAX | |
| Neiman Large Cap Value Fund | 0.56 | 0.71 | 0.79 | 94 | Large Cap Value Equities | HWLIX vs NEIMX |
See all 31 diversifiers for HWLIX
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