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
2 mutual funds have low correlation with SDMGX (below 0.3), 0 of which are negatively correlated. The least correlated is SIT Tax Free Income Fund (SNTIX) (Municipal Bonds) with a 1Y correlation of 0.21, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SIT Tax Free Income Fund | 0.21 | 0.13 | 0.16 | 80 | Municipal Bonds | SDMGX vs SNTIX | |
| SIT Minnesota Tax Free Income Fund | 0.23 | 0.12 | 0.14 | 82 | Municipal Bonds | SDMGX vs SMTFX | |
| Sit Small Cap Dividend Growth Fund | 0.47 | 0.54 | 0.59 | 72 | Small Cap Blend Equities | SDMGX vs SSCDX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.50 | 0.63 | 0.69 | 87 | Emerging Markets Diversified | SDMGX vs ESCIX | |
| SIT Small Cap Growth Fund | 0.55 | 0.59 | 0.64 | 61 | Mid Cap Growth Equities | SDMGX vs SSMGX |
See all 31 diversifiers for SDMGX
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