Looking to diversify beyond HXBIX? The mutual funds below have the lowest correlation with HXBIX — 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 HXBIX.
Best Diversifiers for HXBIX
12 mutual funds have low correlation with HXBIX (below 0.3), 0 of which are negatively correlated. The least correlated is The Merger Fund (MERFX) (Event Driven) with a 1Y correlation of 0.08, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Merger Fund | 0.08 | -0.04 | 0.02 | 97 | Event Driven | HXBIX vs MERFX | |
| Virtus Artificial Intelligence & Technology Opport... | 0.15 | 0.12 | 0.13 | 56 | Technology Equities | HXBIX vs AIO | |
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.26 | 0.36 | 99 | Municipal Bonds | HXBIX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.21 | 0.32 | 0.38 | 99 | Municipal Bonds | HXBIX vs USMSX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.22 | 0.28 | — | 100 | Municipal Bonds | HXBIX vs DFABX |
See all 22 diversifiers for HXBIX
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