Looking to diversify beyond SGOIX? The mutual funds below have the lowest correlation with SGOIX — 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 SGOIX.
Best Diversifiers for SGOIX
2 mutual funds have low correlation with SGOIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT All Cap Core Fund (QIACX) (Large Cap Blend Equities) with a 1Y correlation of 0.27, down from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT All Cap Core Fund | 0.27 | 0.42 | 0.57 | 51 | Large Cap Blend Equities | SGOIX vs QIACX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.29 | 0.42 | 0.57 | 51 | Large Cap Blend Equities | SGOIX vs QKACX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.38 | 0.30 | 0.26 | 95 | Large Cap Blend Equities | SGOIX vs SVPFX | |
| Barrett Opportunity Fund | 0.47 | 0.54 | 0.63 | 72 | Large Cap Blend Equities | SGOIX vs SAOPX | |
| North Square Preferred and Income Securities Fund | 0.48 | 0.39 | 0.41 | 69 | Large Cap Blend Equities | SGOIX vs ORDNX |
See all 194 diversifiers for SGOIX
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