Looking to diversify beyond SASMX? The mutual funds below have historically moved differently from SASMX, 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 SASMX
0 mutual funds have low correlation with SASMX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Income Fund Advisor Class (FRIAX) (Diversified Portfolio) with a 1Y correlation of 0.41, down from 0.58 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Advisor Class | 0.41 | 0.50 | 0.58 | 93 | Diversified Portfolio | SASMX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.51 | 0.56 | 0.60 | 87 | Diversified Portfolio | SASMX vs FKINX | |
| Templeton Institutional Fund International Equity ... | 0.65 | 0.65 | 0.67 | 63 | Foreign Large Cap Equities | SASMX vs TFEQX | |
| Fidelity Select Semiconductors Portfolio | 0.68 | 0.65 | 0.72 | 80 | Semiconductors, Technology Equities | SASMX vs FSELX | |
| Fidelity 500 Index Fund | 0.79 | 0.79 | 0.82 | 64 | S&P 500 | SASMX vs FXAIX |
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