Looking to diversify beyond SAOAX? The mutual funds below have historically moved differently from SAOAX, 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 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 0.00, 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 |
|---|---|---|---|---|---|---|---|
| Guggenheim Limited Duration Fund | 0.00 | -0.02 | 0.00 | 91 | Short-Term Bond | SAOAX vs GILHX | |
| Guggenheim Macro Opportunities Fund | 0.06 | 0.05 | 0.08 | 63 | Nontraditional Bonds | SAOAX vs GIOIX | |
| Vanguard Market Neutral Fund Institutional Shares | 0.09 | 0.23 | 0.28 | 97 | Long-Short | SAOAX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 0.10 | 0.23 | 0.28 | 97 | Long-Short | SAOAX vs VMNFX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.18 | 0.19 | 0.18 | 98 | Equity Market Neutral | SAOAX vs BDMIX |
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