Looking to diversify beyond SGVIX? The mutual funds below have historically moved differently from SGVIX, 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 SGVIX
5 mutual funds have low correlation with SGVIX (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Diversified Capital Builder Fund (EKBAX) (Diversified Portfolio) with a 1Y correlation of 0.14, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 0.14 | 0.11 | 0.11 | 88 | Diversified Portfolio | SGVIX vs EKBAX | |
| GMO U.S. Treasury Fund | 0.16 | 0.11 | 0.09 | 99 | Government Bonds | SGVIX vs GUSTX | |
| Allspring Disciplined U.S. Core Fund | 0.26 | 0.16 | 0.12 | 63 | Large Cap Blend Equities | SGVIX vs EVSAX | |
| Federated Hermes Adjustable Rate Fund | 0.28 | 0.51 | 0.51 | 99 | Government Bonds | SGVIX vs FEUGX | |
| Allspring Small Company Value Fund | 0.29 | 0.22 | 0.13 | 74 | Small Cap Value Equities | SGVIX vs SCVAX |
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