Looking to diversify beyond SAAAX? The mutual funds below have historically moved differently from SAAAX, 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 SAAAX
1 mutual funds have low correlation with SAAAX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.07, roughly unchanged from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.07 | 0.09 | -0.00 | 85 | Tactical Allocation | SAAAX vs PBAIX | |
| BlackRock Global Equity Market Neutral Fund Invest... | 0.30 | 0.14 | 0.10 | 97 | Equity Market Neutral | SAAAX vs BDMAX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.30 | 0.14 | 0.10 | 98 | Equity Market Neutral | SAAAX vs BDMIX | |
| Quantified Evolution Plus Fund | 0.54 | 0.58 | 0.43 | 82 | Tactical Allocation | SAAAX vs QEVOX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.56 | 0.34 | 0.03 | 67 | Systematic Trend | SAAAX vs ASFYX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SAAAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.47 | 0.49 | 0.52 | 89 |
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