Looking to diversify beyond MHEIX? The mutual funds below have historically moved differently from MHEIX, 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 MHEIX
50 mutual funds have low correlation with MHEIX (below 0.3), 0 of which are negatively correlated. The least correlated is Hartford Real Asset Fund (HRLYX) (Global Allocation) with a 1Y correlation of 0.02, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Real Asset Fund | 0.02 | 0.11 | 0.34 | 97 | Global Allocation | MHEIX vs HRLYX | |
| Franklin Mutual Quest Fund | 0.02 | 0.13 | 0.36 | 67 | Global Allocation | MHEIX vs MQIFX | |
| Meeder Global Allocation Fund | 0.03 | 0.12 | 0.36 | 70 | Global Allocation | MHEIX vs FLFGX | |
| Leuthold Global Fund | 0.04 | 0.11 | 0.33 | 86 | Global Allocation | MHEIX vs GLBIX | |
| Goldman Sachs Growth Strategy Portfolio | 0.04 | 0.14 | 0.40 | 67 | Global Allocation | MHEIX vs GGSIX |
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