Looking to diversify beyond HWMIX? The mutual funds below have historically moved differently from HWMIX, 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 HWMIX
0 mutual funds have low correlation with HWMIX (below 0.3), 0 of which are negatively correlated. The least correlated is Dunham International Stock Fund (DCINX) (Foreign Large Cap Equities) with a 1Y correlation of 0.31, down from 0.61 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dunham International Stock Fund | 0.31 | 0.49 | 0.61 | 89 | Foreign Large Cap Equities | HWMIX vs DCINX | |
| Hotchkis & Wiley International Small Cap Diversifi... | 0.43 | 0.57 | 0.68 | 83 | Foreign Small & Mid Cap Equities | HWMIX vs HWTIX | |
| Virtus Ceredex Mid-Cap Value Equity Fund | 0.47 | 0.71 | 0.78 | 76 | Mid Cap Value Equities | HWMIX vs SMVTX | |
| Invesco V.I. American Value Fund | 0.48 | 0.70 | 0.82 | 72 | Mid Cap Value Equities | HWMIX vs UMCVX | |
| Invesco Value Opportunities Fund Class Y | 0.49 | 0.70 | 0.83 | 74 | Mid Cap Value Equities | HWMIX vs VVOIX |
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