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
5 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 0.14, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Ultrashort Bond HLS Fund | 0.14 | 0.07 | 0.08 | 99 | Ultrashort Bond | SCIEX vs HUBBX | |
| Hartford Floating Rate Fund | 0.25 | 0.24 | 0.31 | 53 | Bank Loan | SCIEX vs HFLYX | |
| Hartford Municipal Opportunities Fund | 0.26 | 0.18 | 0.16 | 67 | Municipal Bonds | SCIEX vs HHMIX | |
| Hartford Municipal Short Duration Fund | 0.28 | 0.17 | 0.15 | 74 | Municipal Bonds | SCIEX vs HMJIX | |
| Hartford Sustainable Municipal Bond Fund | 0.29 | 0.21 | 0.18 | 70 | Municipal Bonds | SCIEX vs HMKIX |
See all 56 diversifiers for SCIEX
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