Looking to diversify beyond STWTX? The mutual funds below have historically moved differently from STWTX, 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 STWTX
2 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 0.23, roughly unchanged from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.23 | 0.15 | 0.14 | 73 | Emerging Markets Equities | STWTX vs SEMNX | |
| The Hartford Equity Income Fund | 0.29 | 0.18 | 0.13 | 80 | Dividend, Large Cap Value Equities | STWTX vs HQIYX | |
| The Hartford Dividend and Growth Fund | 0.31 | 0.21 | 0.15 | 90 | Large Cap Value Equities | STWTX vs HDGYX | |
| Hartford International Value Fund | 0.33 | 0.23 | 0.17 | 87 | Foreign Large Cap Equities | STWTX vs HILYX | |
| Hartford Municipal Opportunities Fund | 0.75 | 0.83 | 0.82 | 55 | Municipal Bonds | STWTX vs HHMIX |
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