Looking to diversify beyond ITHAX? The mutual funds below have the lowest correlation with ITHAX — 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 ITHAX.
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 0.20, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.20 | 0.15 | 0.12 | 67 | Municipal Bonds | ITHAX vs HHMIX | |
| The Hartford Strategic Income Fund | 0.51 | 0.37 | 0.33 | 61 | Multisector Bonds | ITHAX vs HSNIX | |
| Baron Partners Fund | 0.60 | 0.66 | 0.71 | 72 | Large Cap Growth Equities | ITHAX vs BPTRX | |
| Hartford International Value Fund | 0.67 | 0.64 | 0.69 | 61 | Foreign Large Cap Equities | ITHAX vs HILYX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.68 | 0.65 | 0.65 | 91 | Emerging Markets Equities | ITHAX vs SEMNX |
See all 36 diversifiers for ITHAX
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