Looking to diversify beyond SAHMX? The mutual funds below have the lowest correlation with SAHMX — 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 SAHMX.
Best Diversifiers for SAHMX
1 mutual funds have low correlation with SAHMX (below 0.3), 0 of which are negatively correlated. The least correlated is SA U.S. Fixed Income Fund (SAUFX) (Ultrashort Bond) with a 1Y correlation of 0.28, up from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SA U.S. Fixed Income Fund | 0.28 | 0.25 | 0.15 | 91 | Ultrashort Bond | SAHMX vs SAUFX | |
| SA Global Fixed Income Fund | 0.33 | 0.24 | 0.12 | 70 | Global Bonds | SAHMX vs SAXIX | |
| SA U.S. Small Company Fund | 0.43 | 0.45 | 0.53 | 61 | Small Cap Blend Equities | SAHMX vs SAUMX | |
| SA U.S. Core Market Fund | 0.46 | 0.44 | 0.50 | 67 | Large Cap Blend Equities | SAHMX vs SAMKX | |
| Fidelity Series Canada Fund | 0.48 | 0.52 | 0.64 | 52 | Foreign Large Cap Equities | SAHMX vs FCNSX |
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