Looking to diversify beyond HWSAX? The mutual funds below have historically moved differently from HWSAX, 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 HWSAX
1 mutual funds have low correlation with HWSAX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Clover Small Value Fund (VSFAX) (Small Cap Value Equities) with a 1Y correlation of 0.25, down from 0.74 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Clover Small Value Fund | 0.25 | 0.57 | 0.74 | 71 | Small Cap Value Equities | HWSAX vs VSFAX | |
| Aegis Value Fund Class I | 0.45 | 0.53 | 0.62 | 94 | Small Cap Value Equities | HWSAX vs AVALX | |
| Hotchkis & Wiley International Small Cap Diversifi... | 0.50 | 0.60 | 0.68 | 83 | Foreign Small & Mid Cap Equities | HWSAX vs HWTIX | |
| Vanguard Institutional Index Fund Institutional Sh... | 0.50 | 0.63 | 0.71 | 63 | S&P 500, Large Cap Blend Equities | HWSAX vs VINIX | |
| John Hancock Variable Insurance Trust Small Cap Va... | 0.52 | 0.75 | 0.83 | 75 | Small Cap Value Equities | HWSAX vs JESVX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HWSAX
Add HWSAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HWSAX