Looking to diversify beyond SFPAX? The mutual funds below have the lowest correlation with SFPAX — 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 SFPAX.
Best Diversifiers for SFPAX
3 mutual funds have low correlation with SFPAX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.13, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.13 | 0.06 | 0.05 | 91 | Long-Short | SFPAX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.16 | 0.14 | 0.10 | 67 | Systematic Trend | SFPAX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.28 | 0.38 | 0.51 | 76 | Large Cap Growth Equities | SFPAX vs NASDX | |
| Fidelity Asset Manager 70% Fund | 0.36 | 0.56 | 0.67 | 76 | Diversified Portfolio | SFPAX vs FASGX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.39 | 0.57 | 0.68 | 81 | Diversified Portfolio | SFPAX vs VTMFX |
See all 10 diversifiers for SFPAX
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