Looking to diversify beyond HWSAX? The mutual funds below have the lowest correlation with HWSAX — 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 HWSAX.
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 0.20, down from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Clover Small Value Fund | 0.20 | 0.58 | 0.75 | 53 | Small Cap Value Equities | HWSAX vs VSFAX | |
| Aegis Value Fund | 0.49 | 0.56 | 0.64 | 87 | Small Cap Value Equities | HWSAX vs AVALX | |
| Vanguard Institutional Index Fund Institutional Sh... | 0.56 | 0.65 | 0.72 | 66 | S&P 500, Large Cap Blend Equities | HWSAX vs VINIX | |
| John Hancock Variable Insurance Trust Small Cap Va... | 0.58 | 0.77 | 0.84 | 66 | Small Cap Value Equities | HWSAX vs JESVX | |
| Hotchkis & Wiley International Value Fund | 0.60 | 0.67 | 0.75 | 52 | Foreign Large Cap Equities | HWSAX vs HWNIX |
See all 71 diversifiers for HWSAX
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