Looking to diversify beyond SGRNX? The mutual funds below have historically moved differently from SGRNX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Ultra Short-Term Income Fund | 0.15 | 0.06 | 0.12 | 99 | Ultrashort Bond | SGRNX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | 0.26 | 0.13 | 0.15 | 84 | Short-Term Bond | SGRNX vs SSHIX | |
| Allspring Small Company Value Fund | 0.52 | 0.57 | 0.64 | 73 | Small Cap Value Equities | SGRNX vs SCVAX | |
| Davis New York Venture Fund Class Y | 0.60 | 0.67 | 0.73 | 90 | Large Cap Growth Equities | SGRNX vs DNVYX | |
| Adams Diversified Equity Fund, Inc. | 0.67 | 0.76 | 0.82 | 83 | Large Cap Blend Equities | SGRNX vs ADX |
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