Looking to diversify beyond SGENX? The mutual funds below have historically moved differently from SGENX, 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 SGENX
1 mutual funds have low correlation with SGENX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.29, up from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.29 | 0.15 | -0.00 | 83 | Global Allocation | SGENX vs LFMIX | |
| GQG Partners Global Quality Dividend Income Fund | 0.34 | 0.60 | 0.72 | 68 | Quality Factor, Global Equities | SGENX vs GQFPX | |
| MH Elite Select Portfolio of Funds Fund | 0.34 | 0.37 | 0.60 | 75 | Global Allocation | SGENX vs MHESX | |
| First Eagle High Yield Municipal Fund Class A | 0.35 | 0.24 | 0.36 | 52 | High Yield Muni | SGENX vs FEHAX | |
| First Eagle High Income Fund | 0.36 | 0.24 | 0.36 | 57 | High Yield Bonds | SGENX vs FEHIX |
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