Looking to diversify beyond SMSNX? The mutual funds below have the lowest correlation with SMSNX — 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 SMSNX.
Best Diversifiers for SMSNX
0 mutual funds have low correlation with SMSNX (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 0.44, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Municipal Opportunities Fund | 0.44 | 0.49 | 0.45 | 66 | Municipal Bonds | SMSNX vs HHMIX | |
| The Hartford Dividend and Growth Fund | 0.46 | 0.38 | 0.39 | 62 | Large Cap Value Equities | SMSNX vs HDGYX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.46 | 0.54 | 0.58 | 98 | Emerging Markets Bonds | SMSNX vs DBLLX | |
| Hartford Core Equity Fund | 0.51 | 0.37 | 0.37 | 51 | Large Cap Blend Equities | SMSNX vs HGIYX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.56 | 0.48 | 0.50 | 93 | Emerging Markets Equities | SMSNX vs SEMNX |
See all 21 diversifiers for SMSNX
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