Looking to diversify beyond IHGIX? The mutual funds below have historically moved differently from IHGIX, 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 IHGIX
1 mutual funds have low correlation with IHGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Hartford Municipal Opportunities Fund (HHMIX) (Municipal Bonds) with a 1Y correlation of 0.26, up from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.26 | 0.17 | 0.12 | 55 | Municipal Bonds | IHGIX vs HHMIX | |
| Allspring Emerging Markets Equity Income Fund | 0.40 | 0.43 | 0.50 | 68 | Dividend, Emerging Markets Equities | IHGIX vs EQIIX | |
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.43 | 0.58 | 0.70 | 94 | Dividend | IHGIX vs SVAAX | |
| EuroPac International Dividend Income Fund Class A | 0.48 | 0.49 | 0.56 | 84 | Foreign Large Cap Equities, Dividend | IHGIX vs EPDPX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.49 | 0.53 | 0.56 | 73 | Emerging Markets Equities | IHGIX vs SEMNX |
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