Looking to diversify beyond SCIEX? The mutual funds below have the lowest correlation with SCIEX — 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 SCIEX.
Best Diversifiers for SCIEX
3 mutual funds have low correlation with SCIEX (below 0.3), 0 of which are negatively correlated. The least correlated is Hartford Ultrashort Bond HLS Fund (HUBBX) (Ultrashort Bond) with a 1Y correlation of 0.17, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Ultrashort Bond HLS Fund | 0.17 | 0.07 | 0.09 | 99 | Ultrashort Bond | SCIEX vs HUBBX | |
| Hartford Municipal Short Duration Fund | 0.29 | 0.17 | 0.16 | 72 | Municipal Bonds | SCIEX vs HMJIX | |
| Hartford Municipal Opportunities Fund | 0.29 | 0.19 | 0.17 | 68 | Municipal Bonds | SCIEX vs HHMIX | |
| Hartford Sustainable Municipal Bond Fund | 0.31 | 0.21 | 0.18 | 75 | Municipal Bonds | SCIEX vs HMKIX | |
| Hartford Floating Rate High Income Fund | 0.34 | 0.32 | 0.35 | 78 | Bank Loan | SCIEX vs HFHIX |
See all 53 diversifiers for SCIEX
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