Looking to diversify beyond SAWMX? The mutual funds below have historically moved differently from SAWMX, 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 SAWMX
1 mutual funds have low correlation with SAWMX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.23, up from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.23 | 0.12 | -0.02 | 79 | Global Allocation | SAWMX vs LFMIX | |
| Wilmington Real Asset Fund | 0.36 | 0.53 | 0.62 | 90 | Global Allocation | SAWMX vs WMRIX | |
| SA U.S. Fixed Income Fund | 0.40 | 0.32 | 0.19 | 93 | Ultrashort Bond | SAWMX vs SAUFX | |
| Centerstone Investors Fund | 0.42 | 0.64 | 0.78 | 87 | Global Allocation | SAWMX vs CENTX | |
| SA Global Fixed Income Fund | 0.42 | 0.31 | 0.18 | 72 | Global Bonds | SAWMX vs SAXIX |
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