Looking to diversify beyond MUHLX? The mutual funds below have historically moved differently from MUHLX, 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 MUHLX
3 mutual funds have low correlation with MUHLX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT All Cap Core Fund Class R6 (QKACX) (Large Cap Blend Equities) with a 1Y correlation of 0.22, down from 0.60 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.22 | 0.45 | 0.60 | 50 | Large Cap Blend Equities | MUHLX vs QKACX | |
| Federated Hermes MDT All Cap Core Fund | 0.23 | 0.45 | 0.60 | 53 | Large Cap Blend Equities | MUHLX vs QIACX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.29 | 0.15 | 0.09 | 97 | Large Cap Blend Equities | MUHLX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.39 | 0.30 | 0.36 | 59 | Preferred Stock | MUHLX vs ORDNX | |
| State Street S&P 500 Index Fund Class N | 0.47 | 0.60 | 0.68 | 75 | Large Cap Blend Equities | MUHLX vs SVSPX |
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