Looking to diversify beyond SDSAX? The mutual funds below have the lowest correlation with SDSAX — 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 SDSAX.
Best Diversifiers for SDSAX
3 mutual funds have low correlation with SDSAX (below 0.3), 0 of which are negatively correlated. The least correlated is Potomac Managed Volatility Fund (CRMVX) (Multisector Bonds) with a 1Y correlation of 0.19, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Potomac Managed Volatility Fund | 0.19 | 0.46 | 0.31 | 50 | Multisector Bonds | SDSAX vs CRMVX | |
| Nationwide Strategic Income A | 0.20 | 0.26 | 0.24 | 99 | Multisector Bonds | SDSAX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.25 | 0.29 | 0.25 | 99 | Multisector Bonds | SDSAX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.34 | 0.29 | 0.28 | 98 | Multisector Bonds | SDSAX vs CBLDX | |
| Franklin Income Fund Class A1 | 0.38 | 0.52 | 0.52 | 85 | Diversified Portfolio | SDSAX vs FKINX |
See all 22 diversifiers for SDSAX
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