Looking to diversify beyond SGRNX? The mutual funds below have the lowest correlation with SGRNX — 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 SGRNX.
Best Diversifiers for SGRNX
2 mutual funds have low correlation with SGRNX (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Ultra Short-Term Income Fund (SADIX) (Ultrashort Bond) with a 1Y correlation of 0.15, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Ultra Short-Term Income Fund | 0.15 | 0.07 | 0.11 | 98 | Ultrashort Bond | SGRNX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | 0.28 | 0.14 | 0.14 | 81 | Short-Term Bond | SGRNX vs SSHIX | |
| Baron Partners Fund | 0.47 | 0.58 | 0.68 | 72 | Large Cap Growth Equities | SGRNX vs BPTRX | |
| Allspring Small Company Value Fund | 0.53 | 0.58 | 0.64 | 51 | Small Cap Value Equities | SGRNX vs SCVAX | |
| Davis New York Venture Fund Class Y | 0.60 | 0.68 | 0.73 | 80 | Large Cap Growth Equities | SGRNX vs DNVYX |
See all 34 diversifiers for SGRNX
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