Looking to diversify beyond SDMGX? The mutual funds below have the lowest correlation with SDMGX — 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 SDMGX.
Best Diversifiers for SDMGX
3 mutual funds have low correlation with SDMGX (below 0.3), 0 of which are negatively correlated. The least correlated is Sit Quality Income Fund (SQIFX) (Ultrashort Bond) with a 1Y correlation of 0.18, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Sit Quality Income Fund | 0.18 | 0.10 | 0.09 | 58 | Ultrashort Bond | SDMGX vs SQIFX | |
| SIT Tax Free Income Fund | 0.25 | 0.13 | 0.17 | 90 | Municipal Bonds | SDMGX vs SNTIX | |
| SIT Minnesota Tax Free Income Fund | 0.25 | 0.12 | 0.14 | 88 | Municipal Bonds | SDMGX vs SMTFX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.47 | 0.62 | 0.68 | 83 | Emerging Markets Diversified | SDMGX vs ESCIX | |
| Sit Small Cap Dividend Growth Fund | 0.49 | 0.54 | 0.59 | 66 | Small Cap Blend Equities | SDMGX vs SSCDX |
See all 29 diversifiers for SDMGX
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