Looking to diversify beyond SEMVX? The mutual funds below have historically moved differently from SEMVX, 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 SEMVX
4 mutual funds have low correlation with SEMVX (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 0.19, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.19 | 0.10 | 0.11 | 63 | Municipal Bonds | SEMVX vs HHMIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.20 | 0.51 | 0.61 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | SEMVX vs GSIYX | |
| The Hartford Equity Income Fund | 0.24 | 0.39 | 0.47 | 77 | Dividend, Large Cap Value Equities | SEMVX vs HQIYX | |
| The Cook & Bynum Fund | 0.27 | 0.38 | 0.46 | 66 | Emerging Markets Equities | SEMVX vs COBYX | |
| The Hartford Balanced Income Fund | 0.34 | 0.41 | 0.47 | 53 | Diversified Portfolio | SEMVX vs HBLYX |
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