Looking to diversify beyond HXBIX? The mutual funds below have historically moved differently from HXBIX, 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 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Merger Fund | 0.08 | -0.05 | 0.02 | 96 | Event Driven | HXBIX vs MERFX | |
| DFA Short Term Municipal Bond Portfolio | 0.18 | 0.26 | 0.36 | 100 | Municipal Bonds | HXBIX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.20 | 0.32 | 0.38 | 98 | Municipal Bonds | HXBIX vs USMSX | |
| DFA NY Municipal Bond Portfolio | 0.21 | 0.32 | 0.41 | 99 | Municipal Bonds | HXBIX vs DNYMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.23 | 0.27 | — | 100 | Municipal Bonds | HXBIX vs DFABX |
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