Looking to diversify beyond SDVGX? The mutual funds below have historically moved differently from SDVGX, 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 SDVGX
2 mutual funds have low correlation with SDVGX (below 0.3), 0 of which are negatively correlated. The least correlated is SIT Minnesota Tax Free Income Fund (SMTFX) (Municipal Bonds) with a 1Y correlation of 0.21, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SIT Minnesota Tax Free Income Fund | 0.21 | 0.13 | 0.12 | 76 | Municipal Bonds | SDVGX vs SMTFX | |
| SIT Tax Free Income Fund | 0.25 | 0.15 | 0.15 | 87 | Municipal Bonds | SDVGX vs SNTIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.34 | 0.14 | 0.13 | 96 | Large Cap Blend Equities | SDVGX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.51 | 0.36 | 0.41 | 54 | Preferred Stock | SDVGX vs ORDNX | |
| SIT Developing Markets Growth Fund | 0.58 | 0.60 | 0.62 | 65 | Emerging Markets Equities | SDVGX vs SDMGX |
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