Looking to diversify beyond SCUIX? The mutual funds below have the lowest correlation with SCUIX — 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 SCUIX.
Best Diversifiers for SCUIX
1 mutual funds have low correlation with SCUIX (below 0.3), 0 of which are negatively correlated. The least correlated is Hartford Municipal Opportunities Fund (HHMIX) (Municipal Bonds) with a 1Y correlation of 0.17, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.17 | 0.14 | 0.11 | 66 | Municipal Bonds | SCUIX vs HHMIX | |
| The Hartford Strategic Income Fund | 0.39 | 0.35 | 0.29 | 66 | Multisector Bonds | SCUIX vs HSNIX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.51 | 0.54 | 0.57 | 93 | Emerging Markets Equities | SCUIX vs SEMNX | |
| Hartford International Value Fund | 0.62 | 0.62 | 0.68 | 56 | Foreign Large Cap Equities | SCUIX vs HILYX | |
| Hartford Core Equity Fund | 0.67 | 0.70 | 0.78 | 51 | Large Cap Blend Equities | SCUIX vs HGIYX |
See all 26 diversifiers for SCUIX
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