Looking to diversify beyond IHAYX? The mutual funds below have the lowest correlation with IHAYX — 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 IHAYX.
Best Diversifiers for IHAYX
1 mutual funds have low correlation with IHAYX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.10, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.10 | 0.19 | 0.47 | 64 | Diversified Portfolio | IHAYX vs MHELX | |
| Hartford Municipal Opportunities Fund | 0.36 | 0.36 | 0.32 | 66 | Municipal Bonds | IHAYX vs HHMIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.45 | 0.62 | 0.64 | 95 | Diversified Portfolio | IHAYX vs FCSRX | |
| Fidelity Strategic Real Return Fund | 0.45 | 0.62 | 0.64 | 96 | Diversified Portfolio | IHAYX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.46 | 0.62 | 0.64 | 96 | Diversified Portfolio | IHAYX vs FIQDX |
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