Looking to diversify beyond IHGIX? The mutual funds below have the lowest correlation with IHGIX — 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 IHGIX.
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 0.22, up from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.22 | 0.16 | 0.11 | 66 | Municipal Bonds | IHGIX vs HHMIX | |
| The Hartford Strategic Income Fund | 0.43 | 0.34 | 0.30 | 66 | Multisector Bonds | IHGIX vs HSNIX | |
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.46 | 0.60 | 0.71 | 68 | Dividend | IHGIX vs SVAAX | |
| EuroPac International Dividend Income Fund Class A | 0.48 | 0.50 | 0.57 | 87 | Foreign Large Cap Equities, Dividend | IHGIX vs EPDPX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.55 | 0.57 | 0.57 | 93 | Emerging Markets Equities | IHGIX vs SEMNX |
See all 18 diversifiers for IHGIX
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