Looking to diversify beyond SMDIX? The mutual funds below have the lowest correlation with SMDIX — 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 SMDIX.
Best Diversifiers for SMDIX
1 mutual funds have low correlation with SMDIX (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 0.15, 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 | 0.15 | 0.14 | 0.11 | 66 | Municipal Bonds | SMDIX vs HHMIX | |
| The Hartford Strategic Income Fund | 0.40 | 0.36 | 0.31 | 66 | Multisector Bonds | SMDIX vs HSNIX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.52 | 0.56 | 0.58 | 93 | Emerging Markets Equities | SMDIX vs SEMNX | |
| Hartford International Value Fund | 0.60 | 0.63 | 0.68 | 56 | Foreign Large Cap Equities | SMDIX vs HILYX | |
| Hartford Core Equity Fund | 0.71 | 0.75 | 0.85 | 51 | Large Cap Blend Equities | SMDIX vs HGIYX |
See all 25 diversifiers for SMDIX
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