Looking to diversify beyond SGIIX? The mutual funds below have the lowest correlation with SGIIX — 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 SGIIX.
Best Diversifiers for SGIIX
2 mutual funds have low correlation with SGIIX (below 0.3), 1 of which are negatively correlated. The least correlated is AQR Style Premia Alternative Fund (QSPIX) (Multistrategy) with a 1Y correlation of -0.22, down from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative Fund | -0.22 | -0.15 | -0.12 | 52 | Multistrategy | SGIIX vs QSPIX | |
| Cliffwater Corporate Lending Fund | 0.04 | 0.11 | 0.08 | 100 | High Yield Bonds | SGIIX vs CCLFX | |
| AQR Long-Short Equity Fund | 0.34 | 0.33 | 0.36 | 51 | Long-Short | SGIIX vs QLEIX | |
| Calamos Market Neutral Income Fund Institutional C... | 0.37 | 0.47 | 0.65 | 98 | SGIIX vs CMNIX | ||
| Eaton Vance Global Macro Absolute Return Advantage... | 0.38 | 0.31 | 0.19 | 97 | Nontraditional Bonds | SGIIX vs EGRIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SGIIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SGIIX and solid risk/return profiles. The least correlated is AbbVie Inc. (ABBV) (Healthcare) with a 1Y correlation of 0.15, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | 0.15 | 0.22 | 0.27 | 68 | Healthcare | |
| Apple Inc | 0.27 | 0.31 | 0.42 | 90 | Technology |
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