Looking to diversify beyond HWSIX? The mutual funds below have historically moved differently from HWSIX, 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 HWSIX
1 mutual funds have low correlation with HWSIX (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 0.24, 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 | 0.24 | 0.57 | 0.74 | 68 | Small Cap Value Equities | HWSIX vs VSFAX | |
| Aegis Value Fund Class I | 0.44 | 0.53 | 0.62 | 94 | Small Cap Value Equities | HWSIX vs AVALX | |
| Hotchkis & Wiley International Small Cap Diversifi... | 0.49 | 0.60 | 0.68 | 80 | Foreign Small & Mid Cap Equities | HWSIX vs HWTIX | |
| John Hancock Variable Insurance Trust Small Cap Va... | 0.52 | 0.75 | 0.83 | 81 | Small Cap Value Equities | HWSIX vs JESVX | |
| Hotchkis & Wiley International Value Fund | 0.57 | 0.65 | 0.74 | 85 | Foreign Large Cap Equities | HWSIX vs HWNIX |
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