Looking to diversify beyond SGMAX? The mutual funds below have the lowest correlation with SGMAX — 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 SGMAX.
Best Diversifiers for SGMAX
2 mutual funds have low correlation with SGMAX (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 0.30, up from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.30 | 0.13 | 0.10 | 95 | Long-Short | SGMAX vs BDMIX | |
| BlackRock Technology Opportunities Fund Investor A | 0.30 | 0.36 | 0.48 | 66 | Technology Equities | SGMAX vs BGSAX | |
| T. Rowe Price Global Technology Fund I Class | 0.30 | 0.37 | 0.43 | 87 | Technology Equities, Global Equities | SGMAX vs PGTIX | |
| Baron Global Advantage Fund | 0.33 | 0.41 | 0.46 | 68 | Global Equities | SGMAX vs BGAIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.39 | 0.27 | 0.12 | 60 | Systematic Trend | SGMAX vs ASFYX |
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