Looking to diversify beyond SAOAX? The mutual funds below have the lowest correlation with SAOAX — 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 SAOAX.
Best Diversifiers for SAOAX
15 mutual funds have low correlation with SAOAX (below 0.3), 0 of which are negatively correlated. The least correlated is Guggenheim Limited Duration Fund (GILHX) (Short-Term Bond) with a 1Y correlation of 0.05, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Guggenheim Limited Duration Fund | 0.05 | -0.01 | 0.01 | 91 | Short-Term Bond | SAOAX vs GILHX | |
| Guggenheim Macro Opportunities Fund | 0.07 | 0.05 | 0.08 | 77 | Nontraditional Bonds | SAOAX vs GIOIX | |
| Vanguard Market Neutral Fund Institutional Shares | 0.09 | 0.23 | 0.28 | 96 | Long-Short | SAOAX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 0.10 | 0.24 | 0.28 | 96 | Long-Short | SAOAX vs VMNFX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.16 | 0.19 | 0.18 | 96 | Equity Market Neutral | SAOAX vs BDMIX |
See all 24 diversifiers for SAOAX
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