Looking to diversify beyond SAMHX? The mutual funds below have the lowest correlation with SAMHX — 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 SAMHX.
Best Diversifiers for SAMHX
4 mutual funds have low correlation with SAMHX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.05, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.05 | 0.07 | 0.11 | 100 | High Yield Bonds | SAMHX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.11 | 0.07 | 0.05 | 100 | High Yield Bonds | SAMHX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.20 | 0.20 | 0.26 | 99 | High Yield Bonds | SAMHX vs RPHIX | |
| The Merger Fund | 0.23 | 0.21 | 0.24 | 97 | Event Driven | SAMHX vs MERFX | |
| T. Rowe Price Floating Rate Fund | 0.41 | 0.47 | 0.53 | 96 | High Yield Bonds | SAMHX vs PRFRX |
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