Looking to diversify beyond SAAAX? The mutual funds below have the lowest correlation with SAAAX — 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 SAAAX.
Best Diversifiers for SAAAX
2 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 -0.15, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.15 | 0.05 | -0.02 | 66 | Tactical Allocation | SAAAX vs PBAIX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.22 | 0.11 | 0.08 | 92 | Long-Short | SAAAX vs BDMIX | |
| Potomac Defensive Bull Fund | 0.47 | 0.44 | 0.38 | 93 | Tactical Allocation | SAAAX vs CRDBX | |
| Quantified Evolution Plus Fund | 0.48 | 0.57 | 0.42 | 90 | Tactical Allocation | SAAAX vs QEVOX | |
| Donoghue Forlines Momentum Fund | 0.54 | 0.57 | 0.57 | 89 | Tactical Allocation | SAAAX vs MOJOX |
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