Looking to diversify beyond MHESX? The mutual funds below have the lowest correlation with MHESX — 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 MHESX.
Best Diversifiers for MHESX
1 mutual funds have low correlation with MHESX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Real Asset Income Fund (NRIIX) (Global Allocation) with a 1Y correlation of 0.30, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Real Asset Income Fund | 0.30 | 0.35 | 0.56 | 52 | Global Allocation | MHESX vs NRIIX | |
| Hartford Real Asset Fund | 0.32 | 0.31 | 0.50 | 88 | Global Allocation | MHESX vs HRLYX | |
| Northern Global Tactical Asset Allocation Fund | 0.33 | 0.38 | 0.62 | 61 | Global Allocation | MHESX vs BBALX | |
| LoCorr Macro Strategies Fund Class I | 0.33 | 0.08 | -0.04 | 85 | Global Allocation | MHESX vs LFMIX | |
| Lazard Real Assets Portfolio | 0.34 | 0.35 | 0.51 | 59 | Global Allocation | MHESX vs RALIX |
See all 53 diversifiers for MHESX
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