Looking to diversify beyond SFENX? The mutual funds below have historically moved differently from SFENX, 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 SFENX
3 mutual funds have low correlation with SFENX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) (Inflation-Protected Bonds) with a 1Y correlation of 0.11, roughly unchanged from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.11 | 0.11 | 0.14 | 91 | Inflation-Protected Bonds | SFENX vs VTAPX | |
| Vanguard Commodity Strategy Fund Admiral Shares | 0.25 | 0.35 | 0.35 | 68 | Commodities | SFENX vs VCMDX | |
| Schwab Dividend Equity Fund™ | 0.29 | 0.37 | 0.47 | 75 | Large Cap Value Equities | SFENX vs SWDSX | |
| The Cook & Bynum Fund | 0.33 | 0.39 | 0.47 | 66 | Emerging Markets Equities | SFENX vs COBYX | |
| Parametric Commodity Strategy Fund Class A | 0.34 | 0.41 | 0.41 | 84 | Commodities | SFENX vs EAPCX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SFENX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.14, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.14 | 0.11 | 0.27 | 61 | Financial Services | |
| Apple Inc | 0.29 | 0.30 | 0.36 | 89 | Technology |
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