Looking to diversify beyond SFPAX? The mutual funds below have historically moved differently from SFPAX, 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 SFPAX
8 mutual funds have low correlation with SFPAX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.14, up from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.14 | 0.07 | 0.03 | 97 | Equity Market Neutral | SFPAX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.15 | 0.14 | 0.08 | 66 | Systematic Trend | SFPAX vs ASFYX | |
| Fidelity Asset Manager 40% Fund | 0.24 | 0.50 | 0.59 | 78 | Diversified Portfolio | SFPAX vs FFANX | |
| Fidelity Asset Manager 70% Fund | 0.25 | 0.53 | 0.66 | 75 | Diversified Portfolio, Actively Managed | SFPAX vs FASGX | |
| BlackRock Enhanced Equity Dividend Trust | 0.25 | 0.55 | 0.66 | 64 | Derivative Income | SFPAX vs BDJ |
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