Looking to diversify beyond SDMGX? The mutual funds below have historically moved differently from SDMGX, 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 SDMGX
4 mutual funds have low correlation with SDMGX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.14, down from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.14 | 0.45 | 0.56 | 51 | Foreign Large Cap Equities, Emerging Markets Equities | SDMGX vs GSIYX | |
| The Cook & Bynum Fund | 0.14 | 0.31 | 0.41 | 70 | Emerging Markets Equities | SDMGX vs COBYX | |
| SIT Minnesota Tax Free Income Fund | 0.25 | 0.12 | 0.14 | 76 | Municipal Bonds | SDMGX vs SMTFX | |
| SIT Tax Free Income Fund | 0.26 | 0.13 | 0.17 | 87 | Municipal Bonds | SDMGX vs SNTIX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.46 | 0.61 | 0.68 | 91 | Emerging Markets Equities | SDMGX vs ESCIX |
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