Looking to diversify beyond SEMNX? The mutual funds below have the lowest correlation with SEMNX — 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 SEMNX.
Best Diversifiers for SEMNX
9 mutual funds have low correlation with SEMNX (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 0.06, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Ultrashort Bond HLS Fund | 0.06 | 0.04 | 0.06 | 99 | Ultrashort Bond | SEMNX vs HUBBX | |
| Hartford Municipal Opportunities Fund | 0.15 | 0.09 | 0.10 | 67 | Municipal Bonds | SEMNX vs HHMIX | |
| Hartford Sustainable Municipal Bond Fund | 0.15 | 0.12 | 0.12 | 70 | Municipal Bonds | SEMNX vs HMKIX | |
| Hartford Short Duration Fund | 0.20 | 0.12 | 0.13 | 81 | Short-Term Bond | SEMNX vs HSDAX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.20 | 0.15 | 0.13 | 53 | Intermediate Core Bond | SEMNX vs STWTX |
See all 65 diversifiers for SEMNX
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