Looking to diversify beyond ITHAX? The mutual funds below have historically moved differently from ITHAX, 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 ITHAX
1 mutual funds have low correlation with ITHAX (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, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.22 | 0.15 | 0.13 | 63 | Municipal Bonds | ITHAX vs HHMIX | |
| The Hartford Equity Income Fund | 0.52 | 0.67 | 0.76 | 77 | Dividend, Large Cap Value Equities | ITHAX vs HQIYX | |
| The Hartford Balanced Income Fund | 0.58 | 0.65 | 0.73 | 53 | Diversified Portfolio | ITHAX vs HBLYX | |
| Hartford International Value Fund | 0.67 | 0.63 | 0.68 | 89 | Foreign Large Cap Equities | ITHAX vs HILYX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.71 | 0.66 | 0.65 | 71 | Emerging Markets Equities | ITHAX vs SEMNX |
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