Looking to diversify beyond SGOAX? The mutual funds below have the lowest correlation with SGOAX — 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 SGOAX.
Best Diversifiers for SGOAX
4 mutual funds have low correlation with SGOAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.07, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.19 | 0.53 | 67 | Diversified Portfolio | SGOAX vs MHELX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.22 | 0.16 | 0.21 | 99 | Ultrashort Bond | SGOAX vs ENIAX | |
| SEI Tax Exempt Trust Intermediate-Term Municipal F... | 0.26 | 0.18 | 0.14 | 66 | Municipal Bonds | SGOAX vs SEIMX | |
| SEI Tax Exempt Trust California Municipal Bond Fun... | 0.29 | 0.20 | 0.13 | 54 | Municipal Bonds | SGOAX vs SBDAX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.56 | 0.62 | 88 | Diversified Portfolio | SGOAX vs FIQDX |
See all 32 diversifiers for SGOAX
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