Looking to diversify beyond STWTX? The mutual funds below have the lowest correlation with STWTX — 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 STWTX.
Best Diversifiers for STWTX
1 mutual funds have low correlation with STWTX (below 0.3), 0 of which are negatively correlated. The least correlated is Hartford Schroders Emerging Markets Equity Fund Class I (SEMNX) (Emerging Markets Equities) with a 1Y correlation of 0.20, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.20 | 0.15 | 0.13 | 91 | Emerging Markets Equities | STWTX vs SEMNX | |
| The Hartford Dividend and Growth Fund | 0.32 | 0.21 | 0.15 | 66 | Large Cap Value Equities | STWTX vs HDGYX | |
| Hartford International Value Fund | 0.33 | 0.23 | 0.16 | 64 | Foreign Large Cap Equities | STWTX vs HILYX | |
| Loomis Sayles Securitized Asset Fund | 0.59 | 0.66 | 0.66 | 59 | Intermediate Core Bond | STWTX vs LSSAX | |
| The Hartford Strategic Income Fund | 0.63 | 0.67 | 0.66 | 55 | Multisector Bonds | STWTX vs HSNIX |
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